2. Which of the following statements regarding the income statement is true? O A. Net income from the income statement is used in the asset section of the balance sheet. O B. The income statement shows the cash flows from operations during a period of time. O C. The income statement primarily shows whether a business made a profit from selling goods or providing services after subtracting the costs of doing business. O D. The income statement shows the company's financial position at a point in time.

2. Which of the following statements regarding the income statement is true? A. Net income from the income statement is used in the asset section of the balance sheet. B. The income statement shows the cash flows from operations during a period of time. C. The income statement primarily shows whether a business made a profit from selling goods or providing services after subtracting the costs of doing business. D. The income statement shows the companys financial position at a point in time