Answer:
Yes, I agree with the statement
Explanation:
I agree with the statement which states that the net income of the company as well as the statement of the owner's equity both included indirectly in the balance sheet of the company. As balance sheet is the statement which states the financial position or performance of the company at a particular or specific time period.
Because the net income is the result of income statement and directly shown in income statement whereas owner's equity is the capital of the business states in balance sheet. Net income is already included in retained earnings which means shown indirectly in the balance sheet.
