Question: What is the key link between a projected income statement and balance sheet? Group of answer choices the annual transfer of a firm's net income

What is the key link between a projected income statement and balance sheet? Group of answer choices the annual transfer of a firm's net income less dividends to the firm's balance sheet the annual transfer of a firm's forecast sales to the income statement using the revenue account as the plug figure on the balance sheet subtracting from the net income any dividends to be paid for that year and bring this retained earnings amount over to the balance sheet using the percentage-of-sales method to project CGS

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