Net Income on the Income Statement is represented as which of the following on the Balance Sheet?

A. Shareholder's Capital

B. Cash

C. Other Assets

D. Retained Earnings

Which of the following is the crucial formula to the Balance Sheet?

A. First Accounting Equation

B. Fundamental Accounting Equation

C. Accounting Balance Equation

D. Balance Sheet Formula

The equation Revenue - Expenses = Profit is used for what document?

A. Statement of Equity and Retained Earnings

B. Balance Sheet

C. Income Statement

D. Statement of Cash Flow

Which of the following is a category of Shareholder's Equity?

A. Shareholder's Capital

B. Accounts Receivable

C. Equipment