What are the major categories within an income statement?
A) operating costs and profits, investing costs and profits, and financing costs and profits
B) current revenue, long-term revenue, and net revenue
C) revenue, sales, and income
D) assets, liabilities, and owners' equity
E) revenues, cost of revenues, operating expenses, and net income

Question

Quizplus · Accepted Answer

E)An income statement shows the financial results that occurred during a period of time, such as a month or a quarter or a year.

What Are the Major Categories Within an Income Statement