Answer :
Answer:
A financial statement showing the revenue and expenses for a fiscal period. True
Explanation:
A financial statement showing the revenue and expenses for a fiscal period. True because income statement is a financial statement and shows the expenses and income ( revenue) during a fiscal period.
A fiscal period is the time period reflected in a financial statement. It is usually a quarter or an accounting period.
There are four main kinds of financial statements. Income statement is one of the financial statement which tells about the expenses and revenues