Question

43. Which financial statement shows the results of. business operations - that is the revenues (sales)...

43. Which financial statement shows the results of. business operations - that is the revenues (sales) generated and the expenses incurred - during a specifies time period?

A Income statement

B balance sheet

C statement of retained earnings

D statement of cash flows

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Answer #1

An income statement shows the revenues generated and expenses incurred during the specific time period.

the income statement is the statement of income and expenses of the company during a specified time period.

The balance sheet is a statement financial position of the firm.

the statement of retained earnings is a financial statement that showing the changes in retained earnings for a company over a specified period

Cash flow Statement shows the cash inflows and out flows of a company

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