Which statement is most directly affected by a change to net income? A. Balance sheet B. Income

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Which statement is most directly affected by a change to net income?
A. Balance sheet
B. Income statement
C. Statement of retained earnings
D. Statement of cash flows

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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Question Posted: Aug 15, 2022 02:26 AM

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Which statement is most directly affected by a change to net income? A. Balance sheet B. Income

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ANSWER A statement of retained earnings The sta...View the full answer

Principles Of Accounting Volume 1 Financial Accounting

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