Due to the relationships among financial statements, the statement of stockholders' equity links the income statement t

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answerhappygod
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Due to the relationships among financial statements, the statement of stockholders' equity links the income statement t

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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.
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