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    Business
  3. Study Set
    Financial Accounting IFRS Study Set 2
  4. Exam
    Exam 4: Completing the Accounting Cycle
  5. Question
    The Income Summary Account
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The Income Summary Account

Question 2

Question 2

Multiple Choice

The income summary account


A) is a permanent account.
B) appears on the statement of financial position.
C) appears on the income statement.
D) is a temporary account.

Correct Answer:

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