Net income calculated in the income statement section, Accounting Basics

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Net income calculated in the income statement section

Question: Net income calculated in the income statement section of the consolidation worksheet is O subtracted from the common stock in the equity section of the consolidation worksheet. O added to the assets of the consolidation worksheet. O carried forward to the retained earnings statement portion of the consolidation worksheet. O carried forward to the liabilities of the consolidation worksheet.

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Accounting Basics: Net income calculated in the income statement section

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Accounting Basics: Net income calculated in the income statement section

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