Which of the following amounts appears on both the income statement and statement of owner's equity?
A)ending capital
B)total revenues
C)net income
D)withdrawals

Name: Which of the following amounts appears on both the income statement and statement of owner's equity? A)ending capital B)total revenues C)net income D)withdrawals
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Question

Quizplus · Accepted Answer

Net income appears on both the income statement and statement of owner's equity as it is used to calculate the ending capital on the statement of owner's equity.

Which of the Following Amounts Appears on Both the Income