The _______________statement is used by shareholders to assess company profitability.
A)Cash flow
B)Retained earnings
C)Cash position
D)Income

Question

Quizplus · Accepted Answer

The income statement, also known as the profit and loss statement, provides information about the revenues, expenses, and profits generated by a company over a specific period of time. Shareholders use this statement to assess how much profit the company has made during that period, and whether the company is profitable or not. The other options, such as cash flow, retained earnings, and cash position, are also important financial statements, but do not directly provide information about company profitability.

The _______________Statement Is Used by Shareholders to Assess Company Profitability