__________are accounting statements that show what has happened to an organization's income, expenses, and net profit over a period of time.
A) Budgets
B) Balance sheets
C) Financial ratios
D) Income statements

Question

Quizplus · Accepted Answer

Income statements, also known as profit and loss statements, summarize the revenue, expenses, and net income/losses of a business over a specific period of time. They are used by businesses to monitor their financial performance and make informed decisions about future operations.

__________Are Accounting Statements That Show What Has Happened to an Organization's