The income statement
a. reports the changes in retained earnings for a period of time.
b. reports the amount of an organization's assets, liabilities, and stockholders' equity at the end of a period.
c. consists of three sections: (1) operating activities, (2) investing activities, and (3) financing activities.
d. reports the revenues and expenses for a period of time based on the matching concept.
d
You might also like to view...
Which training model combines cognitive, affective, and behavioral aspect of training?
a. area training model b. cultural awareness model c. interaction approach d. multidimensional approach
Briefly explain what "slotting" is. What ethical issues might arise with regard to slotting?
What will be an ideal response?
Generalization is a top-down process
Indicate whether the statement is true or false
Sophisticated forecasting models using massive computing power allow companies to produce exact forecasts
Indicate whether the statement is true or false