The income statement reports the financial:
A. position of an entity at a specific period of time.
B. performance of an entity over a specified period of time.
C. position of an entity over a specified period of time.
D. performance of an entity at a specific period of time.
Answer:B
The income statement reports the financial:
A. position of an entity at a specific period of time. B. performance of an entity over a specified period of time. C. position of an entity over a specified period of time. D. performance of an entity at a specific period of time.