A company's gross profit for the period is reported on the:

Question

Quizplus · Accepted Answer

Gross profit is a measure of a company's profitability, and is therefore reported on the Income Statement. The Balance Sheet reports a company's assets, liabilities and equity at a point in time. The Statement of Cash Flows reports a company's cash flows over a period of time. The Statement of Retained Earnings reports changes made to a company's retained earnings during a period.

A Company's Gross Profit for the Period Is Reported on The