Answers
ANSWER:
(a) No Statement is true: Yes, no statement is true because income statement generates its net result as Net Income wheras the Stockholder's Statement conveys the total shareholder's equity in an organization.The Beginning and ending balance of cash is reflected into cash flow statement and not in either the income or the stockholder's equity statement.Common Stock,Retained Earnings and APIC gets reflected into sotckholder's equity and not into Income statement of any organization.
Hence, No statement presents as true in the above case.
Comment below for any doubts.
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