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Worldatwork Exam T7 Topic 2 Question 100 Discussion

Actual exam question for Worldatwork's T7 exam
Question #: 100
Topic #: 2
[All T7 Questions]

What are balanced sheets and income statements linked by?

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Suggested Answer: B

by Hyman at Sep 16, 2024, 07:08 PM

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Laurene
1 months ago
Definitely D) Net income. It's the financial equivalent of a Swiss army knife - it does it all!
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Fairy
14 days ago
Net income is crucial for understanding the overall financial health of a company.
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Brock
22 days ago
Without net income, the balance sheet and income statement wouldn't make sense.
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Clorinda
27 days ago
I agree, net income is like the glue that holds everything together.
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Derrick
1 months ago
D) Net income, without a doubt. It's the bottom line that connects the balance sheet and income statement like a financial superhighway.
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Detra
2 months ago
Net income, for sure! Expenses and retained earnings are important, but they're just pieces of the puzzle. Net income is the big kahuna that ties it all together.
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Melda
18 days ago
Investing activities and expenses are important, but net income is what really connects the dots.
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Audry
23 days ago
So true, without net income, the whole financial picture would be incomplete.
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Jacinta
26 days ago
I agree, it's like the missing piece that brings everything together.
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Nickie
30 days ago
Net income is definitely the key to linking balanced sheets and income statements.
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Antonio
2 months ago
But don't expenses also play a role in linking balanced sheets and income statements?
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Lemuel
2 months ago
I agree with Keneth, net income is the key factor that connects the two financial statements.
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Eric
2 months ago
Ah, the classic question! Let's see, I think it's gotta be D) Net income. That's the glue that holds the whole financial statements together, right?
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Colette
1 months ago
Absolutely, net income is crucial for connecting the two financial statements.
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Dahlia
1 months ago
So, it's safe to say that D) Net income is the correct answer.
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Shasta
1 months ago
Without net income, the financial statements wouldn't balance out.
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Bea
2 months ago
I agree, net income is definitely the link between the balanced sheet and income statement.
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Keneth
2 months ago
Balanced sheets and income statements are linked by net income.
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