To Show How Successfully Your Business Performed During a Period

question 70

Multiple Choice

To show how successfully your business performed during a period of time, you would report its revenues and expenses in the

• A)balance sheet.
• B)income statement.
• C)statement of cash flows.
• D)retained earnings statement.

---

Definitions:

Local Jurisdictions

Specific geographical areas and the governmental authorities that have legal power to govern and enforce laws within those regions.

Achievement Test

An exam designed to assess a person's knowledge or proficiency in a particular area or subject.

College Chemistry

A branch of science focused on the study of the composition, structure, properties, and changes of matter, as taught in a college-level course.

Mastery

The process of acquiring complete knowledge or skill in a subject or activity.