The statement of Owner's Equity is the link between the income statement and balance sheet.

Name: The statement of Owner's Equity is the link between the income statement and balance sheet.
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The Statement of Owner's Equity shows changes in the owner's equity account during a period, including contributions, withdrawals, and net income or loss (from the income statement), thus linking the income statement's results to the balance sheet's equity section.

The Statement of Owner's Equity Is the Link Between the Income