Which of the Following Is True of an Individual's Income

Multiple Choice

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

A) An individual's income and expense statement describes his or her financial position at a given point in time.
B) An individual's income and expense statement measures his or her financial performance at a given point in time.
C) An individual's income and expense statement describes his or her financial goals over a specific period of time.
D) An individual's income and expense statement measures his or her financial performance over a period of time.
E) An individual's income and expense statement describes his or her financial position over a period of time.