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.