Another term for an income statement is ______.
A)profit and loss statement
B)income tax statement
C)balance sheet
D)credit report

Name: Another term for an income statement is ______. A)profit and loss statement B)income tax statement C)balance sheet D)credit report
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Question

Quizplus · Accepted Answer

A profit and loss statement is also known as an income statement. It shows a company's revenues and expenses over a specific period of time, resulting in the net income or loss for that period.

Another Term for an Income Statement Is ______