Which statement is most directly affected by a change to net income? A. Balance sheet B. Income
Question:
Which statement is most directly affected by a change to net income?
A. Balance sheet
B. Income statement
C. Statement of retained earnings
D. Statement of cash flows
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ANSWER A statement of retained earnings The sta...View the full answer
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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