The net income figure is used to prepare the statement of [...]
Answer
retained earnings.
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#reading-megafono
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The net income figure is used to prepare the statement of [...]
Answer
?
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#reading-megafono
Question
The net income figure is used to prepare the statement of [...]
Answer
retained earnings.
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The net income figure is used to prepare the statement of retained earnings.
Original toplevel document
Subject 2. Major Financial Statements recurring income is persistent. If an item in the unusual or infrequent component of income from continuing operations is deemed not to be persistent, then recurring (pre-tax) income from continuing operations should be adjusted.
<span>The net income figure is used to prepare the statement of retained earnings.
Balance Sheet
A balance sheet provides a "snapshot" of a company's financial condition. Think of the balance sheet as a photo of the business at a sp
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