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
[Question & Answer] The amount of net income is transferred from ____ to ____ A) the income statement: the statement…..
November 2nd, 2021
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the amount of net income is transferred from
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[Question & Answer] The amount of net income is transferred from ____ to ____ A) the income statement: the statement…..
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Q22)
In organisation by statement of profit and loss account from the data of income or expenses we calculate net income of the organisation..
After calculate net income from income statement we transferred that income from income statement to statement of owner’s equity
so answer is A) the income statement,the statement of owner’s equity
the amount of net income is transferred from