Information in the Income Statement Helps Users to

question 61

Multiple Choice

Information in the income statement helps users to

• A) evaluate the past performance of the enterprise.
• B) provide a basis for predicting future performance.
• C) help assess the risk or uncertainty of achieving future cash flows.
• D) All of these.

---

Definitions:

Workplace Deviance

Behavior that violates organizational norms and can harm the well-being of an organization or its members.

Conscientiousness

Traits that include being orderly, trustworthy, and having a significant dedication to obligations.

Emotional Stability

A personality trait signifying the extent to which a person can remain calm and composed under stress or pressure.

Organizational Financial Performance

The measure of a company's profitability, revenue growth, and financial health.