Which of the following does the income statement disclose? net earnings (net inc
ID: 2608945 • Letter: W
Question
Which of the following does the income statement disclose?
net earnings (net income) of a firm at a point in time.
resources and equities of a firm for a period of time.
net earnings (net income) of a firm for a period of time.
resources and equities of a firm at a point in time.
net earnings (net income) of a firm at a point in time.
resources and equities of a firm for a period of time.
net earnings (net income) of a firm for a period of time.
resources and equities of a firm at a point in time.
Explanation / Answer
Income statement disclose net income of a firm for a period of time.
Balance sheet disclose resorces and equites of a firm at a point of time.
Hence,
Income statement disclose
net earnings (net income) of a firm for a period of time.
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