The correct answer would be, Income Statement.
A Financial statement showing Revenues and Expenses for a Fiscal period is called as the Income Statement.
Explanation:
There are many financial statements that are generated for a company in usually a period of one year. Three of the main financial statements are as follows:
- Balance Sheet
- Income Statement
- Cash Flow Statement
Balance sheet gives an insight into the assets, liabilities and owner's equity of the company. Income Statement gives an insight into the Revenues and Expenses of the organization and Cash Flow statement tells us about the ins and outs of cash within the specific period of time.
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Late 18th century Edit
On July 16, 1798, President John Adams signed the first Federal public health law, "An act for the relief of sick and disabled Seamen." This assessed every seaman at American ports 20 cents a month. This was the first prepaid medical care plan in the United States. The monies were used for the care of sick seamen and the building of seamen's hospitals. This act created the Marine Hospital Service under the Department of the Treasury. In 1802 Marine Hospitals were operating in Boston; Newport; Norfolk; and Charleston, S.C. and medical services were contracted in other ports
