The earnings statement is another term for the
A) balance sheet.
B) income statement.
C) statement of financial position.
D) owners' equity statement.
E) capital statement.

Question

Quizplus · Accepted Answer

The earnings statement is another term for the income statement, which shows a company's revenue and expenses over a period of time (usually a quarter or year) and calculates the net income or loss.

The Earnings Statement Is Another Term for the