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- Accounting
- Accounting Basics
- Question #2190
The financial statement that reports the revenues and expenses for a period of time such as a year or a month is the: Accounting Basics
- Balance Sheet
- Income Statement
- Statement of Cash Flows
- None of These
Answer: Income Statement
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Which financial statement captures the revenues and expenses within a period of time?
Also known as the profit and loss statement or the statement of revenue and expense, the income statement primarily focuses on the company's revenues and expenses during a particular period.
Which financial statement reports a period of time?
Summary Comparison.
Which financial statement displays the revenues and expenses of a company for a period of time Brainly?
Income Statement
The Income (Profit and Loss) Statement, commonly referred to as the P&L statement, summarizes the revenue and expenses for a specific time period (one month, one quarter, one year, etc.)
What are the 3 financial statements?
The income statement, balance sheet, and statement of cash flows are required financial statements. These three statements are informative tools that traders can use to analyze a company's financial strength and provide a quick picture of a company's financial health and underlying value.