The amount of net income is transferred from ________ to ________.

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Question:The amount of net income is transferred from ________ to ________.

1.The balance sheet; the income statement

2.The income statement; the statement of owner's equity

3.The balance sheet; the statement of cash flows

4.The income statement; the statement of expenditures

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  1. The amount of net income is transferred from ________ to ________.
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