The financial statement that presents a summary of the revenues and expenses of a business for a specific period of time,such as a month or year,is called a(n)

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The income statement presents a summary of the revenues and expenses for a specific period of time. A prior period statement would show financial information from a previous time period, a statement of retained earnings shows changes in a company's retained earnings balance, and a balance sheet presents a snapshot of a company's financial position at a particular point in time.

The Financial Statement That Presents a Summary of the Revenues