Which financial statement answers the following question: What is the company's operating performance over the past year?
A)statement of cash flows
B)income statement
C)statement of retained earnings
D)balance sheet

Question

Quizplus · Accepted Answer

The income statement shows the company's earnings and expenses over a specific period, typically one year, and is used to assess the company's operating performance during that time frame.

Which Financial Statement Answers the Following Question: What Is the Company's