Answer:
A and C
Step-by-step explanation:
Net-income is the bottom-line item in an income statement. It is income after other expenses and taxes have been taken out. Net income can go to the owners of the business or retained in the business as retained earnings.
Net income from an income statement will be used in balance sheet as retained earnings under equity.
Net income from an income statement will also be used in the statement of cash-flow while calculating "cash from operating activities" using the direct method.