Answered

IDNLearn.com: Where your questions meet expert answers and community support. Join our Q&A platform to get accurate and thorough answers to all your pressing questions.

The income statement is also known as the

A. statement of operations
B. statement of cash flows
C. statement of stockholders' equity
D. statement of financial position

Sagot :

GinnyAnsweridn

Final answer:

The income statement, known as the statement of operations, shows an organization's financial performance over a specific time period.


Explanation:

The income statement is also known as the statement of operations. It presents an organization's revenues, expenses, and changes in net assets over a specific time period. The income statement is essential for assessing if an organization's programs and services cover their costs, indicating its profitability.


Learn more about Income statement here:

https://brainly.com/question/33690617


Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Thank you for choosing IDNLearn.com for your queries. We’re committed to providing accurate answers, so visit us again soon.