Many business decisions are made in hopes of improving a firm's "bottom line".Which of the following financial statements will reflect a firm's "bottom line?"

Question

Quizplus · Accepted Answer

The income statement shows a company's revenues, expenses, and net income or loss for a specific period of time. The net income is the "bottom line" or the final profit or loss after all expenses have been accounted for.

Many Business Decisions Are Made in Hopes of Improving a Firm's