Vivienne wants to produce a report that measures her financial performance on a monthly basis.She wants to see sales- and expense-related activities that result in profit or loss over a period of time.She is interested in producing which of the following statements?

Question

Quizplus · Accepted Answer

The income statement (also called profit and loss statement) shows the revenue earned and expenses incurred over a specific period of time, allowing Vivienne to see her financial performance and whether she made a profit or loss. This aligns with Vivienne's goal of measuring sales- and expense-related activities that result in profit or loss over a period of time. The other options (backlog statement, revenue statement, entrepreneur's scorecard) do not provide the same level of detail on profitability.

Vivienne Wants to Produce a Report That Measures Her Financial