ZuoTi.Pro
Question

The statement of financial performance is known as the a. statement of cash flows b. statement...

The statement of financial performance is known as the

a. statement of cash flows

b. statement of stockholders’ equity

c. balance sheet

d. income statement

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Ans d. Income Statement

Income statement also known as profit& Loss account shows company's financial performance ie profit or loss over specified period. Income statement indicates all the income( Sales, interest income etc) as well as expenses incurred during specific period and thus it is known as statement of financial performance

0 0
Add a comment
Know the answer?
Add Answer to:
The statement of financial performance is known as the a. statement of cash flows b. statement...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • On which financial statement(s) can you find "total current liabilities"? O Cash Flow Statement and Statement...

    On which financial statement(s) can you find "total current liabilities"? O Cash Flow Statement and Statement of Stockholders' Equity Balance Sheet Balance Sheet and Statement of Stockholders' Equity Income Statement and Balance Sheet Balance Sheet and Cash Flows Statement 15 Question 7 On which financial statement(s) can you the company's total accounts payable"? Balance Sheet and Cash Flows Statement Income Statement and Balance Sheet O Cash Flow Statement and Statement of Stockholders' Equity Balance Sheet and Statement of Stockholders' Equity...

  • On which financial statement(s) can you find "income before income taxes"? Balance sheet Income Statement and...

    On which financial statement(s) can you find "income before income taxes"? Balance sheet Income Statement and Statement of Stockholders' Equity Balance Sheet and Cash Flows Statement Income Statement and Balance Sheet O Income Statement D Question 3 15 On which financial statement(s) can you find "net income"? Income Statement and Balance Sheet O Income Statement, Balance Sheet, Statement of Stockholders' Equity and Cash Flows Statement Income Statement, Balance Sheet and Statement of Comprehensive Income Income Statement, Statement of Comprehensive Income,...

  • _____ report a company's performance for each period, independent of other periods. a.The statement of cash...

    _____ report a company's performance for each period, independent of other periods. a.The statement of cash flows and the income statement b.The statement of cash flows and the balance sheet c.The income statement and the balance sheet d.The balance sheet and the statement of retained earnings Which of the following is the last of the financial statements to be prepared by a company for any given financial year? a.The statement of stockholders' equity b.The balance sheet c.The statement of cash...

  • 17. The matching concept most significantly influences which financial statement? A) Statement of changes in stockholders'...

    17. The matching concept most significantly influences which financial statement? A) Statement of changes in stockholders' equity B) Balance sheet C) Statement of cash flows D) Income statement

  • III. Financial Statement Preparation: The Statement of Cash Flows Company X Income Statement For the Year...

    III. Financial Statement Preparation: The Statement of Cash Flows Company X Income Statement For the Year Ended 2018 Revenues         $300,000 Expenses          $210,000 Net Income      $90,000 Company X Comparative Balance Sheet                                                    12/31/18                            December 31                                                                                                             2018             2017 Assets Cash                                                                                                     $42,000     $10,000 Accounts Receivable                                                                               33,000       15,000 Investments (Marketable Securities)                                                         38,000       25,000 Truck                                                                                                     48,000        22,000 Computer                                                                                               19,000       12,000 Accumulated Depreciation                                                                      (7,300)       (3,500) Total Assets                                                                                                 $172,700     $80,500                                                 Liabilities & Stockholders’ Equity Accounts Payable                                                                                    $7,500     $14,000 Bonds Payable                                                                                        30,000      ...

  • Which financial statement is used to review a firm’s sources and uses of cash flows over...

    Which financial statement is used to review a firm’s sources and uses of cash flows over the year? A . the Income Statement B . the Statement of Retained Earnings C. the Statement of Cash Flows D. the Balance Sheet

  • On which financial statement(s) can you find "provision for (benefit from) income taxes"? Income Statement and...

    On which financial statement(s) can you find "provision for (benefit from) income taxes"? Income Statement and Statement of Stockholders' Equity Balance Sheet and Cash Flows Statement Cash Flow Statement and Statement of Stockholders' Equity Income Statement Income Statement and Balance Sheet Question 5 15 pts On which financial statement(s) can you find "earnings per share"? Balance sheet Income Statement O Cash Flow Statement Statement of Comprehensive Income Statement of Stockholders' Equity

  • 11. (LO 3) Which financial statement reports assets, liabilities, and stockholders' equity? a. Income statement. oblolos...

    11. (LO 3) Which financial statement reports assets, liabilities, and stockholders' equity? a. Income statement. oblolos b. Retained earnings statement.lt c. Balance sheet. d. Statement of cash flows.

  • The financial statement that shows how much cash the firm had at the beginning of a...

    The financial statement that shows how much cash the firm had at the beginning of a period, the end of the period, and what it did to increase or decrease its cash is: Ostatement of stockholders' equity statement of cash flows O income statement balance sheet

  • Financial Statement Analysis 1.5. What are the purposes of (a) the income statement, (b) the balance...

    Financial Statement Analysis 1.5. What are the purposes of (a) the income statement, (b) the balance sheet, (c) the statement of cash flows, and (d) the statement of stockholders' equity? 1.6. Explain the importance of the notes to the financial statements. 1.7. What causes an auditor's report to be qualified? adverse? a disclaimer of opin- ion? unqualified with explanatory language? 1.8. Why is the management discussion and analysis useful to the financial analyst? 1.9. What is a proxy statement, and...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT