An income statement prepared for external use would normally disclose ____ expense and revenue items than one prepared for internal use.
A) more
B) less
C) the same
D) varied

Question

Quizplus · Accepted Answer

An income statement for external use typically discloses less detailed expense and revenue items compared to one prepared for internal use, which may include more detailed breakdowns for management analysis.

An Income Statement Prepared for External Use Would Normally Disclose