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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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Posts: 1455
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7 years ago
When the balance in the Income Summary account is a credit, the company has:
A) no owner withdrawals during the period.
B) incurred a net income.
C) had more expenses than revenue.
D) incurred a net loss.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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#1
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7 years ago
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majestico Author
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#2
7 years ago
Thanks for attempting to answer. You were correct in your response!
wrote...
#3
6 years ago
Happy to help Slight Smile
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