Question: Communication ( income statement ) : Information reported in the income statement includes Multiple Choice Revenues minus expenses equal net income. The change in common
Communication income statement: Information reported in the income statement includes
Multiple Choice
Revenues minus expenses equal net income.
The change in common stock and change in retained earnings equal the change in total stockholders' equity.
Cash flows from operating, investing, and financing equal the change in cash.
Assets equal liabilities plus stockholders' equity.
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