商业财务第 1231 / 1605 题
A contractor's income statement is prepared monthly, but the balance sheet is dated December 31. This is because:
a.Both must always be dated December 31
b.The income statement covers a period while the balance sheet is a point-in-time snapshot
c.Balance sheets cannot be prepared monthly
d.The income statement is a snapshot and the balance sheet covers a period
解析
The income statement measures performance OVER a period (e.g., the month), while the balance sheet is a SNAPSHOT at a single date. Both can be prepared at any interval, but they answer different questions: flow versus position.
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