The income statement showsa assets liabilities equityb, Ask an Expert

Accounting

The Income Statement shows:

A. Assets = Liabilities + Equity

B. Income minus expense = net income.

C Beginning retained earnings plus net income minus dividends = ending retained earnings.

D Beginning retained earnings minus net income minus dividends = ending retained earnings.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91593889

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