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7 years ago
Net income or net loss for a period is calculated by the following formula:
A) total revenues - total expenses + capital.
B) total revenues - total expenses - total withdrawals + assets.
C) total revenues - total expenses.
D) total revenues - total liabilities.
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College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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keytwokeytwo
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