__________ of the profitability of the firm over a period of time such as a year.

Question

Quizplus · Accepted Answer

The income statement shows the profitability of the firm over a period of time, usually a year. The balance sheet shows the financial position of the firm at a specific point in time, the statement of cash flows shows the change in cash and cash equivalents over a period of time, and the audit report is a statement from an independent auditor expressing an opinion on the accuracy and completeness of the financial statements.

__________ of the Profitability of the Firm Over a Period