Which financial statement shows the total revenues that a firm earns and the total expenses the firm incurs to generate those revenues over a specific period of time — generally one year ?
Statement of cash flows
Statement of retained earnings
Balance sheet
Income statement
Which of the following is a true statement ?
If interest rates fall , all bonds will enjoy rising values .
If interest rates fall , corporate bonds will have decreasing values .
If interest rates fall , no bonds will enjoy rising values .
If interest rates fall , U . S . Treasury bonds will have decreasing values .