2A1B THE FINANCIAL STATEMENT THAT PROVIDES A SUMMARY OF THE FIRM’S OP...

7.

CSO: 2A1d

LOS: 2A1b

The financial statement that provides a summary of the firm’s operations for a period of

time is the

a.

income statement.

b.

statement of financial position.

c.

statement of shareholders’ equity.

d.

statement of retained earnings.