If the income statement covered a six-month period ending on November 30, 2010, the third line of the income statement heading would read

Question

Quizplus · Accepted Answer

The third line of the income statement heading should accurately represent the period covered in the statement. In this case, the income statement covers a six-month period, so the most appropriate choice would be "Six-month Period Ended November 30, 2010."

If the Income Statement Covered a Six-Month Period Ending on November