Leonardo,chief financial officer for a company,wants to take a look at the summary of expenses,revenues,and profits of the firm for the most recent quarter.He can best find this information by consulting the
A)balance sheet.
B)cash flow statement.
C)statement of owners' equity.
D)income statement.

Question

Quizplus · Accepted Answer

The income statement provides a summary of a company's revenues, expenses, and profits over a specific period of time, such as a quarter, making it the best document for Leonardo to consult for the information he seeks.

Leonardo,chief Financial Officer for a Company,wants to Take a Look