The income statement shows the financial position of a company on a certain date.
举一反三
- Which financial statement reports the financial position of a company at a point in time? A: Balance sheet B: Statement of owner’s equity C: Cash flow statement D: Income Statement
- 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
- Income Statement, also known as the “Profit and Loss Statement (P&L)”, is a record of the company’s profitability. It shows of a firm over a period of time.
- In financial accounting, a is a financial statement that shows a company’s incoming and outgoing money (sources and uses of cash) during a time period (often monthly or quarterly).
- Loans A: Statement of profit or loss B: Statement of financial position