INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following phrases effectively describes a business’s income statement:
|
Income preview
|
|
Budget estimate
|
|
Cash-flow report
|
|
Financial picture
|
Explanation:
Detailed explanation-1: -The statement displays the company’s revenue, costs, gross profit, selling and administrative expenses, other expenses and income, taxes paid, and net profit in a coherent and logical manner.
Detailed explanation-2: -The correct answer is C. In financial statement analysis, a company’s financial reports are used to evaluate its past, future, and potential performance.
There is 1 question to complete.