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On an Income Statement for the Period from January 1

Question 172

Multiple Choice

On an income statement for the period from January 1 to June 30,_____ would not be included as an income.


A) wages and salaries received in that six months
B) interest received on June 30
C) auto sold with payment received on May 15
D) inheritance granted in April,to be paid in September
E) income tax refund received on April 14

Correct Answer:

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