The Net Income Figure Appears in All the Following Financial

question 29

Multiple Choice

The net income figure appears in all the following financial statements except the

• A) statement of cash flows.
• B) income statement.
• C) statement of retained earnings.
• D) balance sheet.

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Definitions:

Mutual Funds

Investment programs funded by shareholders that trade in diversified holdings and are managed by professionals.

Documentary Collection

A financial transaction in which a seller instructs their bank to forward documents related to the export of goods to the buyer's bank with instructions for payment.

Commercial Letter

A document used in international trade, containing information about a transaction or agreement between businesses.

Mutual Funds

Investment programs funded by shareholders that trade in diversified holdings and are professionally managed.