In practice, the income statement is frequently considered to be the least important financial statement.
举一反三
- Translate the following sentence into Chinese."A profit statement is also known as a profit and loss statement, an income statement, an income and expense statement or an operating statement."
- Which financial statement reports net income and dividends?（ ）。 A: Income Statement B: Statement of Cash Flows C: Statement of Retained Earnings D: Balance Sheet
- Which accounts appear on which financial statement? Balance sheet Income statement
- The CORRECT data flow from one financial statement to the next is: A: statement of retained earnings, income statement, balance sheet, statement of cash flows. B: balance sheet, statement of retained earnings, income statement, statement of cash flows. C: statement of retained earnings, income statement, statement of cash flows, balance sheet. D: income statement, statement of retained earnings, balance sheet, statement of cash flows.
- Of the following, which is not an alternative title for the income statement? A: Earnings statement B: Statement of Operations C: Profit and Loss Statement D: Statement of Financial Position