Which of the Following Statements Regarding the Income Statement Is

Multiple Choice

Which of the following statements regarding the income statement is INCORRECT?

A) The income statement shows the cash flows and expenses at a given point in time.
B) The income statement shows the flow of revenues and expenses generated by a firm between two dates.
C) The last or "bottom" line of the income statement shows a firm's net income.
D) The first line of an income statement lists the revenues from the sales of products or services.