question 42 (1 point)\nincome statements (p&l) are used primarily to:\ntrack revenues and expenses over a…

question 42 (1 point)\nincome statements (p&l) are used primarily to:\ntrack revenues and expenses over a period to measure performance.\nlist assets and liabilities at a point in time.\nrecord only cash movements.\nreport only capital projects.

question 42 (1 point)\nincome statements (p&l) are used primarily to:\ntrack revenues and expenses over a period to measure performance.\nlist assets and liabilities at a point in time.\nrecord only cash movements.\nreport only capital projects.

Answer

Brief Explanations:

Income statements (P&L) focus on revenues and expenses over a specific period. This helps in measuring a company's performance. Assets and liabilities are listed in the balance sheet. Cash movements are in the cash - flow statement. Capital projects are not the main focus of the income statement.

Answer:

Track revenues and expenses over a period to measure performance.