A Linkage Between the Financial Statements Includes Which of the Following

question 25

Multiple Choice

A linkage between the financial statements includes which of the following?

• A)Net income from the balance sheet is entered into the income statement.
• B)Net income from the income statement is entered into the retained earnings in the balance sheet.
• C)Assets have to equal liabilities.
• D)Cash is the total expenses on the income report.

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Definitions:

Spreadsheet Cell

A single data point or element in a spreadsheet, positioned at the intersection of a column and row, capable of containing text, a numerical value, or a formula.

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Productivity Software

Software applications that enable users to produce documents, spreadsheets, presentations, and databases, aimed at improving work efficiency.

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