Question

A company's operating revenues for a reporting period are most likely to be shown on its:A)cash $ow statement.B)income statement.C)balance sheet.

Answer 1

B)income statement.

Step-by-step explanation:

In the income statement the account which explains the net income for hte period will be.

Revenues will represent the amount billed to customer in ex-change of our goods and services.

They will be in the income statement, then closed against income summary and be ready to start the next year with a balance of zero. While income summary balance is transfer to retained earnings as we "dump" the income in that accoun