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    Financial Accounting Study Set 5
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    Exam 2: Analyzing Business Transactions
  5. Question
    A Net Income of $10,000 Means That the Business Received
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A Net Income of $10,000 Means That the Business Received

Question 120

Question 120

True/False

A net income of $10,000 means that the business received $10,000 more in cash from its customers than it spent to run the business.

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