The ________ is a financial record that represents a company's revenues,expenses,and profits over a given period of time.
A) statement of current assets
B) income statement
C) balance sheet
D) cash flow statement
E) statement of financial position

Question

Quizplus · Accepted Answer

A)Income statement is a financial record of a company's revenues, expenses, and profits over a given period of time. It is also known as a profit and loss statement.
B)Income statement is a financial record of a company's revenues, expenses, and profits over a given period of time. It is also known as a profit and loss statement.
C)Income statement is a financial record of a company's revenues, expenses, and profits over a given period of time. It is also known as a profit and loss statement.
D)Income statement is a financial record of a company's revenues, expenses, and profits over a given period of time. It is also known as a profit and loss statement.
E)Income statement is a financial record of a company's revenues, expenses, and profits over a given period of time. It is also known as a profit and loss statement.

The ________ Is a Financial Record That Represents a Company's