A companys net income appears directly on the income statement and the retained earnings statement, and it

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

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Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Sep 22, 2011 09:02 AM

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A companys net income appears directly on the income statement and the retained earnings statement, and it

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

Financial Accounting Tools for business decision making

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