Any Dollar a Business Makes as Net Income Will Flow

question 5

Multiple Choice

Any dollar a business makes as net income will flow

• A)from the income statement as profit to the cash flow statement to add into the retained earnings or equity account.
• B)from the balance sheet as profit to the income statement as retained earnings.
• C)from the income statement as profit to the balance sheet to add into the retained earnings or equity account.
• D)from the cash flow statement to the retained earnings statement as shareholder's equity.

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