Match the Term with Its Definition

Multiple Choice

Match the term with its definition.
-A financial report showing the amount of profits or losses from a firm's operations over a given time period

A) balance sheet
B) debt
C) debt ratio
D) dividends
E) income statement (profit and loss statement)
F) interest expense
G) mortgage
H) operating expenses
I) owners' equity
J) retained earnings
K) total asset turnover