The Financial Statement That Reports Whether the Business Earned a Profit

question 171

Multiple Choice

The financial statement that reports whether the business earned a profit and also lists the revenues and expenses is called the:

• A)Balance sheet.
• B)Statement of retained earnings.
• C)Statement of cash flows.
• D)Income statement.
• E)Statement of financial position.

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Definitions:

Emotional Intelligence

The capacity to identify, comprehend, control, and logically interact with one's own emotions and those of other people.

Lower Fearlessness

A decreased tendency or capacity to experience fear, which might influence an individual's approach to risky or threatening situations.

Anxiety

A sense of apprehension and restlessness due to the unpredictability of a situation.

Antisocial Personality Disorder

A mental condition characterized by a long-term pattern of manipulating, exploiting, or violating the rights of others.