A firm's ________ reports the profit or loss for the firm over a specified time period.
A: income statement
B: balance sheet
C: statement of cash flows
D: bank statement
A: income statement
B: balance sheet
C: statement of cash flows
D: bank statement
举一反三
- __________ of the profitability of the firm over a period of time such as a year. ( ) A: The income statement is a summary B: The balance sheet is a summary C: The audit report is a summary D: That statement of cash flows is a summary
- 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.
- Which financial statement reports net income and dividends?（ ）。 A: Income Statement B: Statement of Cash Flows C: Statement of Retained Earnings D: Balance Sheet
- The ________ shows the assets, liabilities, and owners' equity of a firm, at a specific point in time. A: income statement B: balance sheet C: statement of cash flows D: trial balance
- Which financial statement reports revenues and expenses?（ ）。 A: Statement of Retained Earnings B: Income Statement C: Statement of Cash Flows D: Balance Sheet