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Unformatted text preview: Another asset account is decreased by the same amount. A revenue account is increased by the same amount (which increases owners' equity). 3. Which one of the following appears on an income statement? (Points: 1) Cash Net Income Common Stock Accounts Payable 4. Which financial statement is often combined with the statement of retained income in a single statement format? (Points: 1) balance sheet income statement statement of cash flows 5. A company's __________ decides when and how much will be paid in dividends. (Points: 1) upper level management independent auditors board of directors stockholders...
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- Spring '10