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    College Accounting A Career Approach
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    Exam 12: Financial Statements, Closing Entries, and Reversing Entries
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    Net Income Is the Final Figure After All Expenses Have
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Net Income Is the Final Figure After All Expenses Have

Question 49

Question 49

Multiple Choice

Net income is the final figure after all expenses have been deducted from revenues on a(n) :


A) income statement.
B) statement of owner's equity.
C) balance sheet.
D) statement of cash flows.

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