calculating total net income for a business can be found under which of the following categories?\nincome…
calculating total net income for a business can be found under which of the following categories?\nincome statement\nbalance sheet\ncash flow statement
Answer
Brief Explanations:
The income statement shows revenues, expenses, gains, and losses, and calculates net - income. The balance sheet shows assets, liabilities, and equity. The cash - flow statement shows cash inflows and outflows. Net income is calculated on the income statement.
Answer:
Income Statement