Which of the Following Statements Regarding an Individual's Income and Expense

Multiple Choice

Which of the following statements regarding an individual's income and expense statement is true?

A) An income and expense statement describes your financial position at a given point in time.
B) An income and expense statement looks forward in time to control spending.
C) An income and expense statement identifies your financial goals.
D) An income and expense statement measures your financial performance over a period of time.
E) An income and expense statement can be used to predict inflation and interest rates.