Which financial statement reports the company's revenues and selling costs over a period of time?
A) income statement
B) balance sheet
C) statement of cash flows
D) trial balance

Question

Quizplus · Accepted Answer

The income statement reports a company's revenues and expenses over a specific period of time, typically a month or a year. It shows the company's profits or losses during that period.

Which Financial Statement Reports the Company's Revenues and Selling Costs