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    Business
  3. Study Set
    Intermediate Accounting Reporting and Analysis Study Set 1
  4. Exam
    Exam 5: The Income Statement and the Statement of Cash Flows Time Value of Money Module
  5. Question
    Which of the Following Is Not a Purpose of the Income
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Which of the Following Is Not a Purpose of the Income

Question 88

Question 88

Multiple Choice

Which of the following is not a purpose of the income statement?


A) used to evaluate management's performance
B) predicts the company's future assets and liabilities
C) used to compare performance against other companies
D) assesses the company's risk

Correct Answer:

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