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    Financial and Managerial Accounting Study Set 8
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    Exam 5: The Accounting Cycle: Reporting Financial Results
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[The Following Information Applies to the Questions Displayed Below

Question 107

Question 107

Multiple Choice

[The following information applies to the questions displayed below.]
Shown below is a trial balance for Cornell Products,Inc. ,on December 31,after adjusting entries:
[The following information applies to the questions displayed below.] Shown below is a trial balance for Cornell Products,Inc. ,on December 31,after adjusting entries:    -Net income for the period equals: A) $ 11,600. B) $ 22,000. C) $ 22,500. D) $36,750.
-Net income for the period equals:


A) $ 11,600.
B) $ 22,000.
C) $ 22,500.
D) $36,750.

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