Which of the following is not contained in the heading for an income statement? Select one:...

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Question

Which of the following is not contained in the heading for an income statement? Select one:...

Which of the following is not contained in the heading for an income statement?

Select one:

A. The name of the company

B. The time period (for example, a month, quarter, or year) covered by the income statement

C. The title of the financial statement (that is, income statement)

D. The date (a single day) of the income statement

E. None of the above

business accounting

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Answer 1

Answer #1

Option D is the answer

Income statement does not contain the date. Because the income statement is prepared for an accounting period, not on single date. However Balance sheet contains a single date.

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Answer 2

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