Grydon Inc. has applied for a business loan in the United Bank. To best assess the loan case, the loan officer at the bank, Cerejo, decides to look at the company's net income. Cerejo will find this information in Grydon's .

Grydon Inc. has applied for a business loan in the United Bank. To best assess the loan case, the loan officer at the bank, Cerejo, decides to look at the company's net income. Cerejo will find this information in Grydon's Profit and Loss Statement

Explanation:

The profit and Loss statement of a company shows the revenue,cost and expenses incurred by a company during a specific period of Time.

The profit and loss statement is a reflection of a company ability to generate profit /income or incur losses.

The correct answer is letter "A": profit and loss statement.

Explanation:

The Profit and Loss Statement or P&L Statement summarizes the revenues, costs, and expenses of a company during a specified period, typically a fiscal quarter or year. The P&L Statement is called the income statement since it portraits the net income (Revenue + Gains - Expenses - Losses).

It provides information about a company's ability to generate profit by increasing revenue, reducing costs or the two of them.