Question

Jackson, chief financial officer for a company, is interested in a summary of all the costs related to producing revenues for the most recent quarter. He can best find this information by consulting the ________ section of the ________.

a. current asset; balance sheet
b. operating; cash flow statement
c. expense; income statement
d. current liability; balance sheet

Answer 1

Answer:C

Explanation: The income statement shows a list of income derived from both trading and none trading activities and the corresponding expenses incurred.