The date of the income statement:
A) is not dated
B) covers one day in time
C) may cover a period of time or only one day in time, like a snapshot photograph
D) covers a period of time, usually for an accounting period

Question

Quizplus · Accepted Answer

An income statement covers a period of time, usually for an accounting period such as a month, quarter, or year. It shows the revenues, expenses, and net income (or loss) of the business during that period.

The Date of the Income Statement