Question

A(n) ____ is a summary of what a company has earned and spent over a given...

A(n) ____ is a summary of what a company has earned and spent over a given period.

a.

income statement

b.

cash flow statement

c.

annual stockholders' report

d.

balance sheet

e.

trial balance
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Answer #1

Answer : option a ( explanation below)

cash flow statement is a statement which records inflow and outflow of cash it does not record income earned and expenses paid

Balance sheet contains assets and liabilities

trial balance means where it equals Debit and credit column

Annual stockholders report means reports which contains companies financial data that can be published to public

Income statement means which records income earned and expenses paid over a given period of time

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