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The Income Statement and Balance Sheet Columns of Beer and Nuts

Question 48

Multiple Choice

The income statement and balance sheet columns of Beer and Nuts Company's worksheet reflect the following totals:
The income statement and balance sheet columns of Beer and Nuts Company's worksheet reflect the following totals: The net income (or loss) for the period is A) $ 51,000 income. B) $ 24,000 income. C) $ 24,000 loss. D) not determinable.
The net income (or loss) for the period is


A) $ 51,000 income.
B) $ 24,000 income.
C) $ 24,000 loss.
D) not determinable.

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