The correct definition of an income statement includes which of the following?\ The statement explains changes in equity over a period of time.\ The statement describes a business's revenues and expenses over a period of time.\ The statement identifies cash inflows and outflows during a period of time.\ The statement describes a company's assets, liabilities and owner's equity at a point in time.

The correct definition of an income statement includes which of the following? The statement explains changes in equity over a period of time. The statement describes a business's revenues and expenses over a period of time. The statement identifies cash inflows and outflows during a period of time. The statement describes a company's assets, liabilities and owner's equity at a point in time