An income statement reports on investing and financing activities.

Name: An income statement reports on investing and financing activities.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

An income statement reports on the revenues, expenses, and net income (or loss) of a business during a specific period of time, such as a month or a year. It does not report on investing and financing activities, which are reported separately in the cash flow statement and the balance sheet.

An Income Statement Reports on Investing and Financing Activities