Practice Quiz

Forensic Accounting

Category - Specialized Forensic Knowledge

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Where is net income shown on the set of financial statements?
  1. Statement of Financial Position
  2. Statement of Comprehensive Income
  3. Statement of Cash Flow
  4. Statement of Owner’s Equity
Explanation
Answer: B - Net income is shown on the Statement of Comprehensive Income. A Statement of Comprehensive Income illustrates the change in a company’s net assets during a specific period.
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