If an item appears on both the income statement and retained profits report, there must be financial or operational data.
If an item appears on both the income statement and retained profits report, there must be financial or operational data.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1GI: In general, how does the income statement help satisfy the objectives of financial reporting?
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If an item appears on both the income statement and retained profits report, there must be financial or operational data.
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