If you transfer Net Income into Capital, on the Balance Sheet it will show as a negative

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If you transfer Net Income into Capital, on the Balance Sheet it will show as a negative in Retained Earnings and a positive in Net Income until the following year.TRUE or FALSE

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Related Book For answer-question

Cornerstones of Financial and Managerial Accounting

ISBN: 978-0324787351

1st Edition

Authors: Rich Jones, Mowen, Hansen, Heitger

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Posted Date: Dec 06, 2020 11:15 AM

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If you transfer Net Income into Capital, on the Balance Sheet it will show as a negative

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Capital is the amount that is attributable to the owner of the com... View the full answer

Cornerstones of Financial and Managerial Accounting

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