Which of the following appears on both the income statement and the statement of stockholders' equity?
A)Net income
B)Operating income
C)Retained earnings
D)Unearned revenue

Question

Quizplus · Accepted Answer

Net income is reported on the income statement as a measure of profitability and also appears on the statement of stockholders' equity as a component of retained earnings. Operating income may appear on the income statement, but it is not typically reported on the statement of stockholders' equity. Retained earnings only appears on the statement of stockholders' equity, and unearned revenue is reported on the balance sheet as a liability but does not appear on either the income statement or statement of stockholders' equity.

Which of the Following Appears on Both the Income Statement