Which of the following reports is best suited to analyze an organization's profitability over a period of time?
A) statement of financial position
B) balance sheet
C) cash flow statement
D) income statement
E) statement of current assets
Answer: D
Explanation: The income statement or profit-and-loss statement shows an organization's profit performance over a period of time, typically one year.
Business
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A) switching cost is high B) price of the product should be increased to retain market share C) threat from the substitute is strong D) customers' bargaining power decreases
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Discuss the documents used in a batch processing system
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