what is another term for \income statement\? (1 point)\n\book value\\n\operating expenses\\n\statement of…

what is another term for \income statement\? (1 point)\n\book value\\n\operating expenses\\n\statement of cash flow\\n\profit and loss (p&l) statement\

what is another term for \income statement\? (1 point)\n\book value\\n\operating expenses\\n\statement of cash flow\\n\profit and loss (p&l) statement\

Answer

Brief Explanations:

In business - accounting, an income statement shows revenues, costs, and net income over a period. It is also known as a profit and loss (P&L) statement. The other options refer to different financial concepts. Book value is related to asset valuation, operating expenses are costs in daily operations, and statement of cash - flow shows cash inflows and outflows.

Answer:

"profit and loss (P&L) statement"