The Income Statement Reports On Operating Activities At A Point In Time

Many companies report operating income or income from operations as a specific line on the income statement.

The income statement reports on operating activities at a point in time. Question text the income statement reports on operating activities at a point in time. Question 17 correct mark 6 00 out of 6 00 flag question question text strategic management is the process of determining the right mix of operating activities for the type of organization its plans and its markets. True false feedback the correct answer is false. Summarizes the firms revenues and expenses over an accounting period.

Reports the impact of a firms operating investing and financing activities on cash flows over an accounting period. Operating activities and the cash flow statement. 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.