After net income has been determined,it is then transferred to the:
A)balance sheet.
B)income statement.
C)statement of cash flows.
D)statement of retained earnings.

Name: After net income has been determined,it is then transferred to the: A)balance sheet. B)income statement. C)statement of cash flows. D)statement of retained earnings.
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Question

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Net income is reported on the income statement.The amount of net income from that statement is then transferred to the statement of retained earnings.

After Net Income Has Been Determined,it Is Then Transferred to The