Which of the following statements is a usefulness of the income statement?A.Evaluate the past performance of the enterprise.O B.Income measurement involves judgment.OCItems that cannot be measured reliably are not reported.O D.Income numbers are affected by the accounting methods employed.

For the purpose of business analysis, accounting is important for the business. Accounting is the…

Answered: Which of the following statements is a…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Which of the following statements is a usefulness of the income statement? OA. Evaluate the past performance of the enterprise. OB. Income measurement involves judgment. OC Items that cannot be measured reliably are not reported. OD. Income numbers are affected by the accounting methods employed.