Which One of the Following Is the Financial Statement That

question 38

Multiple Choice

Which one of the following is the financial statement that summarizes a firm's revenue and expenses over a period of time?

• A) Income statement
• B) Balance sheet
• C) Statement of cash flows
• D) Tax reconciliation statement
• E) Market value report

---

Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.