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    Entrepreneurial Small Business Study Set 1
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    Exam 13: Small Business Accounting: Projecting and Evaluating Performance
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    Which Statement Lists Revenues and Expenses,and Shows the Amount of Profit
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Which Statement Lists Revenues and Expenses,and Shows the Amount of Profit

Question 1

Question 1

Multiple Choice

Which statement lists revenues and expenses,and shows the amount of profit a business makes for a specified period of time?


A) Balance sheet
B) Statement of retained earnings
C) Income statement
D) Cash flow statement

Correct Answer:

verifed

Verified

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