The income statement can provide access to ____________, a very important piece of information for a prospective buyer to use in determining net profit.
A) Sales volume
B) Net assets
C) Gross assets
D) Accounts payable

Question

Quizplus · Accepted Answer

The income statement provides information on sales volume, which is necessary for determining net profit. Net assets, gross assets, and accounts payable are not directly related to determining net profit.

The Income Statement Can Provide Access to ____________, a Very