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The income statement is related to the balance sheet because: Select one: a. Assets and expenses have debit balances. O b. Income increases only owners'
The income statement is related to the balance sheet because: Select one: a. Assets and expenses have debit balances. O b. Income increases only owners' equity. O C. Liabilities and revenues have credit balances. O d. Income increases owners' equity and total assets (or reduces liabilities)
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Bookkeeping And Accounting For Beginners
Authors: Warren Piper Ruell
1st Edition
1654626090, 978-1654626099
