Question: The correct data flow from one financial statement to the next is ( order of financial statement preparation ) : statement of stockholders' equity, income
The correct data flow from one financial statement to the next is order of financial statement
preparation:
statement of stockholders' equity, income statement, balance sheet.
income statement, balance sheet, statement of stockholders' equity.
balance sheet, shtement of stockholders' equity, income statement.
income statement, statement of stockholders' equity, balance sheet.
the financial statements can be prepared in any order.
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