A Statement of Earnings Reports Which of the Following

question 68

Multiple Choice

A Statement of Earnings reports which of the following?

• A) revenues, expenses, assets, and liabilities during an accounting period.
• B) profit of a business at a point in time.
• C) profit of a business for a period of time.
• D) resources, liabilities, and shareholders' equity of a business at a point in time.

---

Definitions:

Dividend

A disbursement from a corporation to its stockholders, often derived from earnings.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with dividend priority.

Common Stock

A form of corporate equity ownership, a type of security representing ownership in a corporation.

Dividend

A payment made by a corporation to its shareholders, usually derived from the company’s profits.