Question

The​ stockholders' annual report must include​ ________. A. an income statement B. the margin of safety report C. commonminus size financial statements D. an advance tax statement

Answer 1

Answer: An income statement

Explanation: An income statement is also referred to as ‘profit and loss account’. Income statement is part of a company’s financial statements, which shows the summary of company's financial activities (such as revenues, losses, expenses, and gains), and the total net income that occurred during a period of time (either a year, quarter, etc.).