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    Financial and Managerial Accounting Study Set 7
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    Exam 16: Accounting for Business Transactions
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    Centurion Co
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Centurion Co

Question 46

Question 46

Multiple Choice

Centurion Co. had the following accounts and balances at December 31: Centurion Co. had the following accounts and balances at December 31:   Using the information in the table, calculate the company's reported net income for the period. A)  $1,100. B)  $4,000. C)  $8,500 D)  $10,400. E)  $5,500. Using the information in the table, calculate the company's reported net income for the period.


A) $1,100.
B) $4,000.
C) $8,500
D) $10,400.
E) $5,500.

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