financial statements 84

Watch the video below and answer these questions. The answers can be a dollar amount or two word description.

1. How much is the net income from the Income Statement (dollar amount) ?

2. What is the balance of Total Assets in the Balance Sheet (dollar amount) ?

3. What connects the Income Statement and the Statement of Retained Earnings (two word description) ?

4. What connects the Statement of Retained Earnings and the Balance Sheet (two word description) ?

How to Prepare Financial Statements from Adjusted Trial Balance Accounting Principles (Links to an external site.)

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