Another name for an income statement is a/an
A) profit and loss statement.
B) statement of owner's equity.
C) accounts receivable schedule.
D) balance sheet.

Name: Another name for an income statement is a/an A) profit and loss statement. B) statement of owner's equity. C) accounts receivable schedule. D) balance sheet.
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Quizplus · Accepted Answer

An income statement is also known as a profit and loss statement because it shows the company's revenues and expenses, ultimately reflecting the profit or loss over a specific period.

Another Name for an Income Statement Is A/an