level: Income Statement
Questions and Answers List
level questions: Income Statement
| Question | Answer |
|---|---|
| Purpose 1/4 of the Income statement | The fiscal period covered by the statement |
| Purpose 2/4 of the Income statement | A summary of all sources of revenue for the fiscal period |
| Purpose 3/4 of the Income Statement | All expenses that are matched against the revenue for the fiscal period |
| Purpose 4/4 of the Income Statement | The net income or net loss for the fiscal period |