The connecting link between the income statement and balance sheet
a. Income statement
b. Balance sheet
c. Statement of owner's equity
d. Statement of cash flows
Ans: c. Statement of owner's equity
Business
You might also like to view...
The terms of an invoice are 3/10, n/25. This means that a ________
A) discount of 10 percent is allowed if the invoice is paid within three days B) discount of 3 percent is allowed if the invoice is paid within 10 days C) discount of 25 percent is allowed if the invoice is paid within 10 days D) discount of 3 percent is allowed if the invoice is paid after 25 days
Business
A good positioning should contain points-of-difference and points-of-parity that have rational but not emotional components
Indicate whether the statement is true or false
Business