Assertion: net income | /r/HasProperty | income statement
Facets:
Source sentences:
text: These adjustments are made because non-cash items are calculated into net income (income statement) and total assets and liabilities (balance sheet).
text: The net income is very important in that it is a central line item to all three financial statementsThree Financial StatementsThe three financial statements are the income statement, the balance sheet, and the statement of cash flows.