Which of the following best describes the income statement? Multiple Choice A summary of the profit-generating activitles of a company that occurred during a partlcular reporting period A summary of the actlvitles that caused cash of a company to change during a particular reporting period The financial position of a company on a particular date "A summary of the profit-generating actlvitles of a company that occurred during a partlcular reporting perlod" and "a summary of the actlvitles that caused cash of a company to change during a particular reporting perlod" both describe the Income statement