An income statement ________. A) describes the financial ...

[natalie2426]

An income statement ________.
 
  A) describes the financial situation of a company at a specific point in time
  B) is a summary of all of the revenues minus all of the expenses for an accounting period
  C) shows the changes that took place in the amount of shareholders' equity during a period
  D) is a list of all the cash collected and cash paid during a period

Question 2

Each check should be identified by its
 a. AAB number.
   b. MBA number.
   c. CPA number.
   d. ABA number.

[thall411]

Answer to Question 1

B

Answer to Question 2

d

[natalie2426]

Gracias!

[Liddy]

TYSM