A is corrent because the professional standards state state that a title such as statement of income--regulatory basis is appropriate.
B is incorrect because titles such as statement of operations and income statement are generally understood to be applicable only to financial statements prepared following GAAP.
B is incorrect because titles such as statement of operations and income statement are generally understood to be applicable only to financial statements prepared following GAAP.
D is incorrect because the term statement of activities is a title used for financial statements of a not-for-profit organization prepared under GAAP.
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