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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 2: Introduction to Financial Statements
  5. Question
    Net Income Is Generally Calculated in a Separate and Subsidiary
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Net Income Is Generally Calculated in a Separate and Subsidiary

Question 3

Question 3

Multiple Choice

Net income is generally calculated in a separate and subsidiary account called:


A) A statement of cash flows.
B) A statement of retained earnings.
C) An income statement.
D) A statement of changes in equity.

Correct Answer:

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