Final answer:
A segmented income statement shows divisional revenue and costs in a comparative format, with financial figures presented in tables. A T-account represents ledger balances in a balance sheet using a two-column visual that separates assets and liabilities.
Step-by-step explanation:
A segmented income statement provides revenue and cost data for each division of the company in a comparative fashion, side by side. One way to structure financial figures for an analysis is by creating a table that details a company's output, total cost, marginal cost, average cost, variable cost, and average variable cost.
Additionally, a T-account is a fundamental visual aid used in accounting to represent ledgers, with a balance sheet having a two-column format, where the T-shape is created with the vertical line down the middle separating assets on one side and liabilities on the other side.
A **income statement** provides revenue and cost data for each **period** of the company in a **columnar** fashion, side by side. This allows for easy comparison and analysis of the financial performance of the company over time. The income statement includes revenues, expenses, and net income or loss for the specific period.