17.Which of the following equations expresses the definition of income?

Select one:

a. Income = Gains Losses

b. Income = (Revenues + Gains) (Expenses + Losses)

c. Income = Revenues + Gains

d. Income = Revenues Expenses

16.Information in the income statement helps users to

Select one:

a. All of these.

b. help assess the risk or uncertainty of achieving future cash flows.

c. provide a basis for predicting future performance.

d. evaluate the past performance of the enterprise.