garrettroark2 garrettroark2
  • 23-03-2020
  • Business
contestada

which of the following phrases effectively describes a business’s income statement

Respuesta :

andriansp andriansp
  • 29-03-2020

Answer:

Financial picture

Explanation:

The phrases is suitable because An income statement will give a general picture for stakeholders regarding the company's financial condition in the past year.

it consist of several important financial information that might influence investors to either  put their money into the businesses or simply abandoned it. Such as how much income that the company able to generate, the amount of expenses that the company have to pay for the operation, how much of the income is liquid, etc.

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