The following information is from Megabux, Inc.'s annual report for the years ended December 31:

-Refer to the Megabux annual report above.This information is from Megabux Inc.'s ________.
A)income statement
B)balance sheet
C)statement of cash flows
D)statement of changes in shareholders' equity

Question

The following information is from Megabux, Inc.'s annual report for the years ended December 31:

-Refer to the Megabux annual report above.This information is from Megabux Inc.'s ________.
A)income statement 
B)balance sheet 
C)statement of cash flows 
D)statement of changes in shareholders' equity

Quizplus · Accepted Answer

The reference to Megabux's annual report indicates financial performance over a period, which is typically detailed in an income statement, showing revenues, expenses, and net income.

The Following Information Is from Megabux, Inc