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Relationship Between Balance Sheets and Income Statements

RELATIONSHIP BETWEEN BALANCE SHEETS AND INCOME STATEMENTS... [Pg.58]

Relationship Between Balance Sheets and Income Statements. 9-7... [Pg.975]

Demonstrate the relationship between a balance sheet and an income statement for a given fiscal year. [Pg.247]

Table 10.4 follows the same general format as the example of personal income statement but applies to a hypothetical construction company. The hypothetical business for which the income statement was developed is for the same business in the calendar year for which Table 10.2, the balance sheet, was developed. One indication of the relationship between the balance sheet and the income statement is retained earnings of 252,755.21 in Table 10.2 and the identical retained earnings balance at the end of the year in Table 10.4. However, there are a few obvious connections between the construction company s balance sheet (Table 10.2) and its income statement (Table 10.4). Table 10.4 follows the same general format as the example of personal income statement but applies to a hypothetical construction company. The hypothetical business for which the income statement was developed is for the same business in the calendar year for which Table 10.2, the balance sheet, was developed. One indication of the relationship between the balance sheet and the income statement is retained earnings of 252,755.21 in Table 10.2 and the identical retained earnings balance at the end of the year in Table 10.4. However, there are a few obvious connections between the construction company s balance sheet (Table 10.2) and its income statement (Table 10.4).
RELATIONSHIP BETWEEN THE BALANCE SHEET AND THE INCOME STATEMENT... [Pg.308]

See other pages where Relationship Between Balance Sheets and Income Statements is mentioned: [Pg.110]    [Pg.299]   


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Balance between

Income

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