Author Question: An income statement ________. A) describes the financial situation of a company at a specific ... (Read 93 times)

natalie2426 · **on:** Jul 5, 2018

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.