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How the Income Statement and Balance Sheet are Connected | Example
The income statement and the balance sheet are connected in that: net income from the income statement affects retained earnings on the balance sheet. You can see that here with Amazon. At the beginning of 2020, Amazon had retained earnings of $31.2 billion. It then posted net income of $21.3 billion for 2020. Thus, Amazon’s retained earnings ...
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708K views · 4.6K reactions | Inventory/COGS and income statement template explained (Taglish) In this video, discuss natin yung template that I have uploaded kaning hapon. #accounting #taglish #inventory #cogs #sales #merchandising | Jesse Alcaraz | Facebook
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