The income statement, the income statement showsa assets liabilities equityb income, Financial Accounting

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The income statement

The Income Statement shows:

A. Assets = Liabilities + Equity

B. Income minus expense = net income.

C Beginning retained earnings plus net income minus dividends = ending retained earnings.

D Beginning retained earnings minus net income minus dividends = ending retained earnings.

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Financial Accounting: The income statement

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Financial Accounting: The income statement

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