Question

    Which of the following financial statements would

    provide information about a company's income?
    A Income statement Correct Answer Incorrect Answer
    B Balance sheet Correct Answer Incorrect Answer
    C Statement of cash flows Correct Answer Incorrect Answer
    D None of the above Correct Answer Incorrect Answer

    Solution

    The income statement provides information about a company's revenues, expenses, gains, and losses over a specific period of time, resulting in the company's net income or net loss.

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