The statement that reports revenues and expenses for the period is the:
A)Statement of Retained Earnings.
B)Balance Sheet.
C)Statement of Cash Flows.
D)Income Statement.

Name: The statement that reports revenues and expenses for the period is the: A)Statement of Retained Earnings. B)Balance Sheet. C)Statement of Cash Flows. D)Income Statement.
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Question

Quizplus · Accepted Answer

The income statement reports the revenues and expenses for a specific period, which helps in determining the net income or loss of the business.

The Statement That Reports Revenues and Expenses for the Period