An itemized financial statement of the income and expenses of a company's operations is called the
A)statement of financial ratios.
B)balance sheet.
C)cash flow statement.
D)assets and liabilities statement.
E)profit and loss statement.

Question

Quizplus · Accepted Answer

An itemized financial statement of the income and expenses of a company's operations is called a profit and loss statement, also known as an income statement.

An Itemized Financial Statement of the Income and Expenses of a Company's