The Correct Statement Is

Multiple Choice

The correct statement is:

A) The income statement prepared for internal use is similar to one prepared for external use
B) The income statement prepared for internal use is more summarised than one prepared for external use
C) The accounting standards govern the presentation of income statements prepared for both internal and external use
D) While the two income statements have common elements the statement prepared for external use is more aggregated than the one prepared for internal users