Which of the following statements concerning a life insurance company's income statement is (are) correct?(C 19.8)

I It sets forth both revenues and earnings for the accounting period.

II It sets forth expenses incurred to provide products and services.

III It sets forth a statement of the company's cash flows.

a

I only

b

I and II only

c

I and III only

d

II and III only

e

I, II, and III