Question

Which type of financial statement should you look at if you want to see a company's profits and losses over a specific period of time?
A.
Income statement
B.
Balance sheet
C.
Statement of owners' equity
D.
Cash flow statement


Please select the best answer from the choices provided

A
B
C
D

Answer 1

A. Income statement — it shows a company's revenues, expenses, and resulting profit or loss over a specific period.