A companys net income appears directly on the income statement and the owners equity statement, and it

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A company’s net income appears directly on the income statement and the owner’s equity statement, and it is included indirectly in the company’s balance sheet. Do you agree? Explain.

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Sep 20, 2011 07:49 AM

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A companys net income appears directly on the income statement and the owners equity statement, and it

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Yes Net income does appear on the income statement x it is the result of subtracti...View the full answer

Accounting Principles

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