An income statement is the financial statement that reports revenues, expenses, and profit or loss resulting from a company's operations over an accounting period.

Name: An income statement is the financial statement that reports revenues, expenses, and profit or loss resulting from a company's operations over an accounting period.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

An income statement is indeed the financial statement that reports revenues, expenses, and profit or loss resulting from a company's operations over an accounting period.

An Income Statement Is the Financial Statement That Reports Revenues