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The Income Statement and Balance Sheet Columns of Iron and Wine

Question 15

Multiple Choice

The income statement and balance sheet columns of Iron and Wine Company's worksheet reflect the following totals: The income statement and balance sheet columns of Iron and Wine Company's worksheet reflect the following totals: The net income (or loss) for the period is A) $44,000 income. B) $28,000 income. C) $28,000 loss. D) not determinable. The net income (or loss) for the period is


A) $44,000 income.
B) $28,000 income.
C) $28,000 loss.
D) not determinable.

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