The amount of net income is transferred from ____ to ____ A) the income statement: the statement of owner's equity B) the balance sheet: the statement of cash flow C) the balance sheet: the income statement D) the income statement: the statement of expenditures Which of the following organizations is responsible for the creation and governance A) Financial Accounting Standards Board B) Institute of Management Accountants C) American Institute of Certified Public Accountants D) Securities and Exchange Commission