A Firm S Income Statement Reports The Results

D reports cash inflows and outflows during a period.

A firm s income statement reports the results. Reports how much of the firms earnings were retained in the business rather than paid out in dividends. C presents a firm s assets liabilities and stockholders equity on a given date. Summarizes the firms revenues and expenses over an accounting period. The income statement is one of a company s core financial statements that shows their profit and loss over a period of time.

The profit or loss is determined by taking all revenues and subtracting all expenses from both operating and non operating activities this statement is one of three statements used in both corporate finance including financial modeling and accounting. A firm s income statement reports the results from operating the business for a period of time while the firm s balance sheet provides a snapshot of the firm s financial position at a specific point in time. An income statement is a company s financial statement that indicates how the revenue money received from the sale of products and services before expenses are taken out also known as the top line is transformed into the net income the result after all revenues and expenses have been accounted for also known as net profit or the bottom line. A reports the results of operations for a period.

E none of the above. A true b false. B reports on the events causing a change in stockholders equity during a period.