Due to the relationships among financial statements, the statement of stockholders' equity links the income statement t
Posted: Sat Aug 07, 2021 6:35 am
Due to the relationships among financial statements, the statement of stockholders' equity
links the income statement to the balance sheet.
Answer: TRUE
Explanation: Net income is reported on the statement of stockholders' equity as an increase in
retained earnings. The ending retained earnings balance is reported on the balance sheet.
links the income statement to the balance sheet.
Answer: TRUE
Explanation: Net income is reported on the statement of stockholders' equity as an increase in
retained earnings. The ending retained earnings balance is reported on the balance sheet.