A company's net income appears directly on the in- come statement and the retained earnings statement, and

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"A company's net income appears directly on the in- come 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: 9780471730514

4th Edition

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

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A company's net income appears directly on the in- come statement and the retained earnings statement, and

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Financial Accounting Tools For Business Decision Making

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