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a. Cash from the balance sheet transfers to the income statement
b. They are not linked directly
c. All debt payments show on both the income statement and balance sheet
d. Net income from the income statement transfers to the balance sheet equity section
I think the answer is D. Net income from the income statement transfers to the balance sheet equity section.
Net profit is added to capital, it is reflected in the liabilities side of balance sheet.
option D is correct answer
Answer "d" according IFRS It's True
d is the answer net profit/loss effects equity section.
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my answer = (D) . thank you
my answer is D due to accounting standards.
They are linked: the result from the use of double- entry and the accounting or booking and the accounting equation Assets= Liabilities+ Owner`s Equity
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