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: An income statement prepared by a business enterprise is mostly likely to be used by A : customers to determine a company's ability to provide needed goods and services. B : government agencies to formulate tax and economic policy. C : investors interested in assessing components of the company’s profitability. D : labor unions to examine earnings closely as a basis for salary discussions.

Respuesta :

Answer:

Option "C" is the correct answer to the following statement.

Explanation:

The income statement is a type of financial account that shows a firm's profit or loss for a particular period.

An investor wanted to invest in a firm that has higher profitability than the other firm or organization, Income statements help him to know about the profitability of a firm.

  • Income statement describes how to profit generated and how much profit or dividend distributed by firm.

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