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Asked Jan 30, 2019
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relationship among balance sheet, cash flow sheet and income statement

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Relationship among balance sheet, statement of cash flow sheet, and income statement as follows:

1.

Net income is  a item that flows from the income statement to statement of cash flows, because the balance of retained earnings is increased by the net income earned during the year. And it shows the relationship between the income statement and the balance sheet. The...

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