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At the Beginning of 2010, Waterford Company Sold Stock and Began

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At the beginning of 2010, Waterford Company sold stock and began operations.Information from Waterford's accounting records for the year ending December 31, 2010, follows:
At the beginning of 2010, Waterford Company sold stock and began operations.Information from Waterford's accounting records for the year ending December 31, 2010, follows: A.Circle the names of any accounts above that would not be reported on the income statement. B.Determine the amount of net income.

A.Circle the names of any accounts above that would not be reported on the income statement.
B.Determine the amount of net income.

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A.Circled accounts should be: ...

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