Which of the Following Statements About an Income Statement Is

Multiple Choice

Which of the following statements about an income statement is NOT true?

A) An income statement provides information on an organisation's profitability at a certain point in time.
B) An income statement includes revenues earned during a period,and expenses incurred in earning the revenues.
C) The expenses may include depreciation.
D) For revenue to be included,it is not necessary for cash to have been received.