ALEKS Gritti Googie Forms ALEKS Question 2 Complete each equ

ALEKS Gritti Googie Forms ALEKS Question #2 Complete each equation by selecting the missing term. Then, select the financial statement that the equation illustrates. -Expenses - Net Incomse 6 (b)7Lblites+Capital Stock+ Retained Earnings Statement (c) Retained Earmings (beginning belance)+7 -Dividends Retained Earmings (ending balance) Clear Undo Help Next I don\'t know

Solution

Answers

a) Revenue - Expenses = Net Income

Statement of Income or (Income Statement)

b) common stock + Retained Earnings + Liabilities = Total Liabilities

Statement of Balance Sheet

c) Retained Earnings at beg. + Net Income of current year - Dividend = Retained Earnings at end of the year

   Statement of Retained Earnings.