Question

Which of the following is not contained in the heading for an income statement? Select one:...

Which of the following is not contained in the heading for an income statement?

Select one:

A. The name of the company

B. The time period (for example, a month, quarter, or year) covered by the income statement

C. The title of the financial statement (that is, income statement)

D. The date (a single day) of the income statement

E. None of the above

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Answer #1
Option D

Income statement is prepared for a time period. Not on a single day. Hence it does not contain a single date.

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