Which statement summarizes financial performance resulting from income (revenue and gains) less expenses (including losses).
A: Balance sheet
B: Income statement
C: Cash flow statement
A: Balance sheet
B: Income statement
C: Cash flow statement
举一反三
- 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.
- Which accounts appear on which financial statement? A: Balance sheet: Receivables, land, payablesIncome statement: Revenues, supplies B: Balance sheet: Cash, revenues, landIncome statement: Expenses, payables C: Balance sheet: Cash, receivables, payables Income statement: Revenues, expenses D: Balance sheet: Expenses, payables, cash Income statement: Revenues, receivables, land
- Which financial statement reports revenues and expenses?（ ）。 A: Statement of Retained Earnings B: Income Statement C: Statement of Cash Flows D: Balance Sheet
- The ( ) is a financial statement that summarizes a hotel’s assets, liabilities and shareholders’ equity at a specific point in time. A: income statement B: balance sheet C: statement of cash flow D: equity statement
- 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