Vet Manager Exam Prep

Category - CVPM

Which of the different types of financial statement would be used for summarizing the revenue and expenses for a specific period of time, such as a month or a year?
  1. Statement of cash flow
  2. Retained earnings statement
  3. Income statement
  4. Balance sheet
Explanation
Answer: C-An income statement would be used for summarizing the revenue and expenses for a specific period of time, such as a month or a year.
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