Which of the following represents an attempt to measure thenet results of the fi

Question

Which of the following represents an attempt to measure thenet results of the firm's operations (revenues versus expenses)over a given time period?
a. Balance Sheet b. Statement of Cash Flows c. Income Statement d. Sources and Uses of Funds Statement Which of the following represents an attempt to measure thenet results of the firm's operations (revenues versus expenses)over a given time period?
a. Balance Sheet b. Statement of Cash Flows c. Income Statement d. Sources and Uses of Funds Statement

Explanation / Answer

Choice C Income statement. Income statement reflects a firm's operations ( revenuevs.expenses) over a period of time.

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