An itemized financial statement of the income and the expenses of a company's operations is called the
A) Statement of financial ratios.
B) Balance sheet.
C) Cash flow statement.
D) Assets and liabilities statement.
E) Profit and loss statement.

Question

Quizplus · Accepted Answer

The profit and loss statement is an itemized financial statement of the income and expenses of a company's operations.

An Itemized Financial Statement of the Income and the Expenses