To show how successfully your business performed during a period of time, you would report its revenues and expenses in the

A. balance sheet.

B. retained earnings statement.

C. income statement.

D. statement of cash flows.

Question

Business

Kaia Cline

8 March, 19:33

To show how successfully your business performed during a period of time, you would report its revenues and expenses in the

A. balance sheet.

B. retained earnings statement.

C. income statement.

D. statement of cash flows.

+1

Answers (1)

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Bubble Butt · Answer 1

Answer: The correct answer is c). Income statement.

Explanation:

An income statement is a part of the financial statements. It is used for reporting a company's financial performance over a financial period.

Revenues and expenses are reported on an income statement to arrive at either profit or loss of a company.

To show how successfully your business performed during a period of time, you would report its revenues and expenses in theA. balance sheet.B. retained earnings statement.C. income statement.D. statement of cash flows.

To show how successfully your business performed during a period of time, you would report its revenues and expenses in the

A. balance sheet.

B. retained earnings statement.

C. income statement.

D. statement of cash flows.