An income statement $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

Question $4$ options:

summarizes an organization's overall financial worth$$revenues and expenses$$at a specific point in time.

summarizes an organization's overall financial worth$$assets and liabilities$$at a specific point in time.

Summarizes an organization's financial results$$assets and liabilities $$over specified period of time.

Summarizes an organization's financial results$$revenues and expenses$$over specified period of time.