A summary of an organization's financial performance over a given time interval, showing revenues, expenses, and bottom-line profit or loss is called a/an
A) debt ratio.
B) cash flow.
C) cash flow statement.
D) balance sheet.
E) income statement.

Question

Quizplus · Accepted Answer

An income statement summarizes an organization's financial performance over a specific time period, detailing revenues, expenses, and net profit or loss, which distinguishes it from the other options listed.

A Summary of an Organization's Financial Performance Over a Given