Question
What is an income statement?(1 point)
Responses
an invoice
an invoice
a listing of what an individual owns minus what they owe
a listing of what an individual owns minus what they owe
a spending plan based on income and expenses
a spending plan based on income and expenses
a listing of an individual’s net income minus their expenses, calculated on a monthly basis
Responses
an invoice
an invoice
a listing of what an individual owns minus what they owe
a listing of what an individual owns minus what they owe
a spending plan based on income and expenses
a spending plan based on income and expenses
a listing of an individual’s net income minus their expenses, calculated on a monthly basis
Answers
GPT-4o mini
An income statement is **a listing of an individual’s net income minus their expenses, calculated on a monthly basis.**