The statement of financial performance is also known as the:
A)balance sheet.
B)income statement.
C)statement of cash flows.
D)statement of stockholder's equity.

Question

Quizplus · Accepted Answer

The statement of financial performance is also known as the income statement, which is a financial statement that displays the company's revenue, expenses, and net income over a specific period of time. The income statement is used to analyze a company's profitability and financial health.

The Statement of Financial Performance Is Also Known as The