Which of the Following Financial Statements Is Also Called a Profit

question 86

Multiple Choice

Which of the following financial statements is also called a profit and loss statement?

• A)Statement of changes in retained earnings
• B)Income statement
• C)Statement of cash flows
• D)Balance sheet

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Definitions:

Interval Level Variables

Interval level variables are a type of quantitative data where the intervals between values are meaningful, but the data lack a true zero point, allowing for the measurement of difference but not ratio.

Ratio Level Variables

Variables that have a true zero point and can be compared in terms of multiples.

Categorical

Pertaining to data or variables that represent categories, qualities, or characteristics without inherent numerical value.

Nominal

Refers to data that can be categorized into named groups that do not imply any rank or order among them.