Which of the following appears on both the income statement and statement of retained earnings?
A) Ending stockholders' equity
B) Total revenues
C) Net income
D) Dividends

Question

Quizplus · Accepted Answer

Net income is a component of both the income statement and the statement of retained earnings. It represents the profit the company made during the period, and is used to calculate the change in retained earnings from the beginning to the end of the period. The other options listed are not found on both statements; Ending stockholders' equity is only on the balance sheet, total revenues are only on the income statement, and dividends are only on the statement of retained earnings.

Which of the Following Appears on Both the Income Statement