Which of the following statements show the results of a company over a period of time? 1.Balance sheet
2)Income statement
3)Statement of cash flows
4)Statement of stockholders' equity
A)2 and 4
B)3 and 4
C)1
D)2
E)2,3,and 4

Question

Quizplus · Accepted Answer

An income statement shows a company's financial performance over a period of time, usually one year. The statement of cash flows indicates a company's inflows and outflows of cash over a specific period. The statement of stockholders' equity outlines changes in stockholder equity during a certain period. A balance sheet reflects a company's financial position at a specific point in time, not over a period of time. Therefore, the best choice(s) are 2, 3, and 4.

Which of the Following Statements Show the Results of a Company