Which Financial Statement Answers the Following Question: What Is the Company's

question 15

Multiple Choice

Which financial statement answers the following question: What is the company's operating performance over the past year?

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

---

Definitions:

Yield

The income return on an investment, such as the interest or dividends received, usually expressed as an annual percentage rate based on the investment's cost, its current market value, or its face value.

Canada Savings Bond

A secure investment instrument offered by the Canadian government, allowing citizens to lend money to the government with a guaranteed return.

Redeemed

Refers to the act of exchanging a financial instrument, such as a bond or coupon, for cash or goods.

Interest Rates

The percentage of a loan or deposit amount charged as interest to the borrower or paid to the investor.