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Question 183

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Use this information to answer the following question. The Retained Earnings,Dividends,and Income Summary accounts for Dukes Corporation for the accounting period are presented below in T account form after the recording and posting of closing entries:
Use this information to answer the following question. The Retained Earnings,Dividends,and Income Summary accounts for Dukes Corporation for the accounting period are presented below in T account form after the recording and posting of closing entries: The amount of net income (or net loss) for the period is A) $1,800 net income. B) $1,200 net income. C) $600 net loss. D) $600 net income. Use this information to answer the following question. The Retained Earnings,Dividends,and Income Summary accounts for Dukes Corporation for the accounting period are presented below in T account form after the recording and posting of closing entries: The amount of net income (or net loss) for the period is A) $1,800 net income. B) $1,200 net income. C) $600 net loss. D) $600 net income. The amount of net income (or net loss) for the period is


A) $1,800 net income.
B) $1,200 net income.
C) $600 net loss.
D) $600 net income.

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