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An income statement reports the revenues earned minus expenses incurred by a business over a period of time. True or false ?
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4 votes
An income statement reports the revenues earned minus expenses incurred by a business over a period of time.

True or false ?

User Kishan Solanki
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2 Answers

4 votes
I think the statement is false
User Apanatshka
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3.5k points
6 votes

Answer:

True

Step-by-step explanation:

This is an income statement. Ex: Rent expenses, salaries expense, total revenues, etc.

User Igor Quirino
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