Which financial statement summarizes a company’s revenues and expenses over time? 👤 By TheQuizWire ✅ Fact Checked 📊 Difficulty Medium 📅 Last Updated 01 Dec 2025 A. Statement of Cash Flows B. Income Statement C. Statement of Retained Earnings D. Balance Sheet Check Answer 💡 Explanation: The Income Statement (P&L) reports a company's financial performance (profit/loss) over a specific accounting period. 📚 Topics: Business Business and Economics 🎯 Exams: CSS GEN PMS
