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    Principles of Accounting Study Set 1
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    Exam 3: Adjusting the Accounts
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    Which Two Broad Account Categories Are Used to Determine Net
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Which Two Broad Account Categories Are Used to Determine Net

Question 140

Question 140

Essay

Which two broad account categories are used to determine net income? Define each category and list two examples of each type.

Correct Answer:

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Net income is determined by subtracting ...

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