You can evaluate business performance in terms of profitability by analyzing which financial statement?
A) Income statement
B) Balance sheet
C) Statement of cash flows
D) None of the above

Question

Quizplus · Accepted Answer

The income statement shows the revenue and expenses of a business over a specific period, and the resulting net income (or loss). This is a key indicator of a business's profitability.

You Can Evaluate Business Performance in Terms of Profitability by Analyzing