Which of the Following Correctly Identifies One of the Links

question 33

Multiple Choice

Which of the following correctly identifies one of the links among the four financial statements?

• A)Net income from the income statement goes directly to the balance sheet.
• B)Net income from the income statement goes to the statement of changes in equity.
• C)Other comprehensive income goes to the statement of cash flows.
• D)Retained earnings from the balance sheet goes to the income statement.

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Definitions:

Spiritualties

Various forms of religious practice, personal faith, and experiences concerning the sacred or divine.

Celebrating

The act of acknowledging and joyously noting an event or achievement with festivities or other expressions of happiness.

Religious Accommodations

Religious accommodations are adjustments to the work or school environment, or in policies and practices, to allow individuals to observe and practice their religious beliefs.

Main Components

Fundamental elements or parts that make up a system, device, or concept, serving as its basic building blocks.