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The income statement:a. is a financial statement that shows the firm’s financial position at a particular point in time. b. details the firm’s assets and liabilities over a period of time. c. is a financial statement that summarizes a firm’s revenues and expenses over a period of time. d. is a financial statement that summarizes a firm’s revenues and expenses at a particular point in time.

Respuesta :

Answer:

c. is a financial statement that summarizes a firm’s revenues and expenses over a period of time

Explanation:

The balance sheet is a financial statement that shows the firm’s financial position at a particular point in time. It details the firm’s assets and liabilities at a point in time.

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