The Amount of Net Income Is Transferred from ________ to ________

question 96

Multiple Choice

The amount of net income is transferred from ________ to ________.

• A) the income statement; the statement of retained earnings
• B) the balance sheet; the statement of cash flows
• C) the balance sheet; the income statement
• D) the income statement; the statement of expenditures

---

Definitions:

Measures of Central Location

Statistical measures that indicate the center of a dataset, including the mean, median, and mode.

Extreme Values

Data points that are significantly higher or lower than the majority of the data in a dataset.

Interquartile Range

A measure of variability, based on dividing a data set into quartiles, that describes the middle 50% of the distribution.

Data Set

An aggregation of interconnected data sets, which are made up of distinct pieces, yet can be operated on as a single entity by a computer.