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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 5: Adjusting Entries and the Work Sheet
  5. Question
    If the Debits in the Income Statement Columns of the Work
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If the Debits in the Income Statement Columns of the Work

Question 23

Question 23

True/False

If the debits in the Income Statement columns of the work sheet total $50,000 and the credits total $60,000 before net income or net loss has been determined,the business has a net income of $10,000.

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