The financial statements are interrelated. (a) What item of financial or operating data appears on both the

Question:

The are interrelated.
(a) What item of financial or operating data appears on both the income statement and the retained earnings statement?
(b) What item appears on both the and the retained earnings statement?
(c) What item appears on both the and the statement of cash flows?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...