The Statement That Presents a Summary of the Revenues and Expenses

question 122

Multiple Choice

The statement that presents a summary of the revenues and expenses of an entity is called the:

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

---

Definitions:

Social Bookmarking Websites

Online platforms where users can save, organize, search, and manage bookmarks of web pages, allowing for easy sharing and discovery of content.

Direct Arrangement

A method of organization where information is presented in a straightforward, linear order, often used in writing or speech to clearly convey a message.

Report

A detailed account or statement describing the findings of some investigation or research.

Operational Reports

Regular reports that provide insights into the day-to-day operations, allowing organizations to monitor performance and make decisions.