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The relationship between the income statement and the balance sheet may be described as follows: Select one:

The relationship between the income statement and the balance sheet may be described as follows:

Select one:

a. The assets shown in a balance sheet include all the revenue shown in the income statementb. The balance sheet summarizes the change in net income occurring between successive income statementsc. The income statement summarizes the changes in cash occurring between two balance sheet datesd. The income statement explains part of the change in owner’s equity between two balance sheet dates

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