Asked by karamjeet singh on May 26, 2024
Verified
The income statement isolates a key figure called "income from sustainable operations."
Income From Sustainable Operations
Earnings generated from a company’s core business activities that are expected to continue into the future.
Income Statement
A financial statement that shows a company's revenues, expenses, and profit over a specific time period.
- Grasp the definition and importance of sustainable operations in financial statements.
Verified Answer
CZ
chengjie zhengMay 28, 2024
Final Answer :
False
Explanation :
The income statement does not typically isolate a figure called "income from sustainable operations." The income statement instead typically provides information on revenues, expenses, and net income or loss.
Learning Objectives
- Grasp the definition and importance of sustainable operations in financial statements.