QUESTION IT How is the balance sheet linked to the other financial statements? The beginning retained earnings balance on the statement of retained earnings becomes the amount of retained earnings reported on the balance sheet Net income increases retained earnings on the statement of retained earnings, which ultimately increases retained earnings on the balance shout Retained earnings is added to total assets and reported on the balance sheet There is no link between the balance sheet and the other statements QUESTION 18 Obligations to creditors that the company expects to pay atter one year are reported on a classified balance sheets Long term liabilities Property, plant, and equipment Retained earnings O Long-term assets QUESTION 19 Entity H recently borrowed soveral million dollars from a group of lenders. To find out the amount of cash received, in which section of the statement of cash flows might you look? financing activities investing activities stockholders' activities operating activities