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Unformatted text preview: 4. Changes in Owners’ Equity • The net income from the Income Statement is part of the Changes in Owners’ Equity which in turn is part of the Stockholders’ Equity section of the Balance Sheet • The net income is also used to compute for the cash provided by operating activities in the Statement of Cash Flows. • Some portions of the Balance Sheet, such as the current assets and liabilities, are used to compute for cash flows....
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This note was uploaded on 02/17/2012 for the course ITCO 101 taught by Professor Gugenhiem during the Spring '12 term at AIU Online.
- Spring '12