A(n) _____ is a summary of what a company has earned and spent over a given period.
A)balance sheet
B)trial balance
C)income statement
D)cash flow statement
E)annual stockholders' report

Question

Quizplus · Accepted Answer

An income statement is a financial statement that shows a company's revenues and expenses over a specific period of time, summarizing its financial performance in terms of net profit or loss.

A(n) _____ Is a Summary of What a Company Has