Which is appropriate for a profit and loss statement? a. as of August 30 20XX...

80.2K

Verified Solution

Question

Accounting

Which is appropriate for a profit and loss statement?

a. as of August 30 20XX

b. August 30, 20XX

c. for the Quarter Ended August 30, 20XX

d All of the above are appropriate

I thought the balance sheet was the only one that uses as of (month, date, yr) or just month, date, and year. However, do income statements also utilize as of ____ or just date.

Thanks.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students