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Bank of America’s __________ provides information such as its interest expense, or the interest the bank paid depositors, and its interest income, or the interest it earned by investing deposits over a period of time. This document also states the bank’s other revenues and expenses for the time period.

a. Balance Sheet
b. Activity Ratio
c. Income Statement
d. Leverage Ratio

Respuesta :

Answer:

The correct answer is letter "C": Income Statement.

Explanation:

The Income Statement is a report that measures the financial performance of a company over a specific accounting period. Publicly traded companies are required to produce income statements, balance sheets, and cash flow statements for each quarter and year following the Generally Accepted Accounting Principles (GAAP).

The income statement shows the revenues, expenses and net profits of the company from both the operating and non-operating activities.

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