Asked by
Latonya Biggers
on Oct 30, 2024Verified
Vivienne wants to produce a report that measures her financial performance on a monthly basis.She wants to see sales- and expense-related activities that result in profit or loss over a period of time.She is interested in producing which of the following statements?
A) backlog statement
B) revenue statement
C) entrepreneur's scorecard
D) income statement
Financial Performance
An assessment of a company's ability to generate earnings as compared to its expenses and other relevant costs incurred during a specific period.
Income Statement
A financial statement that shows a company’s revenues, expenses, and profits over a particular period of time.
Expense-Related Activities
Actions or operations that incur costs or expenses in the course of business operations or project execution.
- Understand the structure and components of an income statement.
Verified Answer
MN
Learning Objectives
- Understand the structure and components of an income statement.