A company's income statement is important to accountants and other stakeholders.It reveals:
A)A company's sources of funding.
B)A company's ability to distribute goods or services in a timely manner.
C)A company's ability to earn a profit over time.
D)A company's capitalized value.

Question

Quizplus · Accepted Answer

The income statement shows a company's revenue, expenses, and net income (or loss). This provides insight into a company's ability to generate and sustain profits over time.

A Company's Income Statement Is Important to Accountants and Other