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    Financial and Managerial Accounting Study Set 8
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    Exam 5: The Accounting Cycle: Reporting Financial Results
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    Net Income from the Income Statement Appears On
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Net Income from the Income Statement Appears On

Question 7

Question 7

Multiple Choice

Net income from the Income Statement appears on:


A) The Balance Sheet.
B) The Statement of Retained Earnings.
C) Neither the Balance Sheet nor the Statement of Retained Earnings.
D) Both the Balance Sheet and the Statement of Retained Earnings.

Correct Answer:

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