Which one of the following is not a key linkage among the four primary financial statements?
A) The expenses in the income statement link to the total liability balance.
B) The statement of cash flows links to ending cash balance reported on the balance sheet.
C) The income statement links to the ending retained earnings in the statement of stockholders' equity.
D) The statement of retained earnings links to ending retained earnings on the balance sheet.
Correct Answer:
Verified
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