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If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful? A. Statement of owners' equi…

If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful? A. Statement of owners' equi…
asked 155k views
2 votes
If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful?

A.
Statement of owners' equity
B.
Cash flow statement
C.
Balance sheet
D.
Income statement

asked
User Michael Fredrickson
by
8.6k points

2 Answers

2 votes

Answer:

D. income statement

Step-by-step explanation:

i took the test

answered
User Ralokt
by
7.3k points
4 votes

Answer:

The answer is D. Income statement

Step-by-step explanation:

answered
User JustinKSU
by
8.1k points
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