Which of the Following Is NOT True About the Relationship

Multiple Choice

Which of the following is NOT true about the relationship between the financial statements?

A) The net income of the firm is added to owners' equity
B) The cash on the balance sheet is found on the cash flow statement
C) The net income of the firm is reported on the Income Statement and the Statement of Changes in Shareholders' Equity
D) The cash generated by operations on the Statement of Cash Flows is reported as an increase in Retained Earnings on the Statement of Changes in Shareholders' Equity