Income Statement, also known as the “Profit and Loss Statement (P&L)”, is a record of the company’s profitability. It shows of a firm over a period of time.
举一反三
- A firm's ________ reports the profit or loss for the firm over a specified time period. A: income statement B: balance sheet C: statement of cash flows D: bank statement
- Translate the following sentence into Chinese."A profit statement is also known as a profit and loss statement, an income statement, an income and expense statement or an operating statement."
- __________ of the profitability of the firm over a period of time such as a year. ( ) A: The income statement is a summary B: The balance sheet is a summary C: The audit report is a summary D: That statement of cash flows is a summary
- _________is a projected profit and loss statement (P&L) that forecasts the expected financial outcomes from the plan.
- The ________ shows the assets, liabilities, and owners' equity of a firm, at a specific point in time. A: income statement B: balance sheet C: statement of cash flows D: trial balance