avillarreal1296 avillarreal1296
  • 12-02-2020
  • Business
contestada

A company's operating revenues for a reporting period are most likely to be shown on its:A)cash $ow statement.B)income statement.C)balance sheet.

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TomShelby
TomShelby TomShelby
  • 13-02-2020

Answer:

B)income statement.

Explanation:

In the income statement the account which explains the net income for hte period will be.

Revenues will represent the amount billed to customer in ex-change of our goods and services.

They will be in the income statement, then closed against income summary and be ready to start the next year with a balance of zero. While income summary balance is transfer to retained earnings as we "dump" the income in that accoun

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