A company's profit appears directly on the income statement and the statement of owner's equity. It is

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A company's profit appears directly on the income statement and the statement of owner's equity. It is also included indirectly in the company's balance sheet. Do you agree or disagree? Explain.

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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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Question Posted: Mar 15, 2017 10:50 AM

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A company's profit appears directly on the income statement and the statement of owner's equity. It is

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Yes Profit does appear on the income statementit is the result of subtracting e...View the full answer

Accounting Principles Part 1

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