The report of income and dividends is the same as a balance sheet for a bank.

Question

Quizplus · Accepted Answer

The report of income and dividends is a financial statement that shows the revenue and expenses over a period, as well as any dividends paid to shareholders. A balance sheet, on the other hand, is a financial statement that shows a snapshot of a company's assets, liabilities, and equity at a specific point in time. These are two different types of financial statements, and therefore, not the same.

The Report of Income and Dividends Is the Same as a Balance