Question 12 of 22 Companies in all industries create two important financial statements for financial reporting: the income statement and the balance sheet. A positive net income value on the income statement will be represented on the balance sheet as an increase in capital and surplus, as well as an increase in assets an increase in liabilities, as well as an increase in capital and surplus a decrease in liabilities, but an increase in capital and surplus an increase in assets, but a decrease in liabilities

an increase in caces and swlis. as asl as an ncobtre a abyth in isciease in labites as wel er en ecrerse in cagale and fuplos a deoredse a latubes but an inobase nchote asd suplas an iscteabe in asceth, but a decreace in labities. an increase in caces and swlis. as asl as an ncobtre a abyth in isciease in labites as wel er en ecrerse in cagale and fuplos a deoredse a latubes but an inobase nchote asd suplas an iscteabe in asceth, but a decreace in labities