The major device for measuring the profitability of a firm over a defined period of time is the

Question

RRB Paper · Accepted Answer

The income (earnings or operating) statement is the major device for measuring the profitability of a firm over a period of time. Note that the income statement covers a defined period of time, whether it is one month, three months, or a year. The statement is presented in a stair-step or progressive fashion so we can examine the profit or loss after each type of expense item is deducted.

The major device for measuring the profitability of a firm over a defined period of time is the

income statement

balance sheet.

statement of cash flow

none of the above

The correct answer is `No. 1: income statement`

Details

Frameworks

Database

Billing

Completed

Drop campaign files here or click to upload.

No result found

Advanced Search

The major device for measuring the profitability of a firm over a defined period of time is the

income statement

balance sheet.

statement of cash flow

none of the above

The correct answer is No. 1: income statement

The correct answer is `No. 1: income statement`