Final answer:
The revenue generated by the company can be found in the income statement. The total expenses incurred can also be found in the income statement, and comparing the revenue and total expenses will determine if the company reported a net profit or loss. Dividends paid to shareholders are typically not included in the income statement.
Step-by-step explanation:
A) To determine the revenue that the company generated, we need to look at the income statement. The income statement shows the company's sales revenue. This information can be found under the revenue section of the statement. Let's say the company generated $500,000 in revenue.
B) Total expenses incurred can be found under the expense section of the income statement. It includes costs such as labor, materials, and operating expenses. Let's say the company incurred $300,000 in total expenses.
C) To determine if the company reported a net profit or loss, we need to compare the revenue and total expenses. If the revenue is higher than the total expenses, it means the company reported a net profit. If the total expenses are higher than the revenue, it means the company reported a net loss.
D) The dividends paid to shareholders are not typically included in the income statement. Dividend payments are usually recorded in the statement of retained earnings or in the cash flow statement.