Multiple Choice
The amount of net income shown on the income statement also appears on the:
A) statement of assets
B) statement of retained earnings
C) balance sheet
D) statement of financial position
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q44: The accounting equation must always be in
Q98: When accounting for cash collected from customers,
Q99: The statement that presents a summary of
Q101: The stable-monetary-unit assumption is the basis for
Q102: The balance sheet is sometimes also called
Q104: The income statement measures the company's financial
Q105: The application of IFRS and ASPE frequently
Q106: The date of the income statement:<br>A) is
Q107: Retained earnings appear on which of the
Q108: Which of the following financial statements provides