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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 3: Accruals and Deferrals: Timing Is Everything in Accounting
  5. Question
    Net Income Equals ________
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Net Income Equals ________

Question 42

Question 42

Multiple Choice

Net income equals ________.


A) revenues minus liabilities
B) assets minus liabilities
C) the change in shareholders' equity from the beginning of the year to the end of the year
D) revenues minus expenses

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