Which two types of information does an income statement provide? (Choose 2.) A. An analysis of the shareholder equity B. A classification of revenues and expenses C. An indication of profitability D. A classification of assets and liabilities

The correct answers are B and C.<br /><br />An income statement provides information on the revenues and expenses of a business, which allows for the calculation of net income or net loss. This information is classified into different categories such as operating and non-operating revenues and expenses.<br /><br />Additionally, an income statement indicates the profitability of a business by showing the net income or net loss for a specific period. This information is crucial for stakeholders to assess the financial performance of the business.<br /><br />Option A is incorrect because an analysis of shareholder equity is provided in the balance sheet, not the income statement.<br /><br />Option D is also incorrect because a classification of assets and liabilities is provided in the balance sheet, not the income statement.