Question

Which of the following financial statements would provide information about a company's income?

A Income statement Correct Answer Incorrect Answer
B Balance sheet Correct Answer Incorrect Answer
C Statement of cash flows Correct Answer Incorrect Answer
D None of the above Correct Answer Incorrect Answer

Solution

The income statement provides information about a company's revenues, expenses, gains, and losses over a specific period of time, resulting in the company's net income or net loss.

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