Which of the following amounts appears on both the income statement and statement of owner's equity?
A)Ending capital
B)Net income
C)Total revenues
D)Drawings

Question

Quizplus · Accepted Answer

Net income is the link between the income statement and the statement of owner's equity. It is the result of the income statement activities and is added to the owner's equity in the statement of owner's equity.

Which of the Following Amounts Appears on Both the Income