If the amount of total revenues is in cell E7 of a spreadsheet and the amount for

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If the amount of total revenues is in cell E7 of a spreadsheet and the amount for total expenses is in cell E20, then net income would be computed by the formula (p. 240)

a. \(+\mathrm{E} 7+\mathrm{E} 20\)

b. \(+\mathrm{E} 7-\mathrm{E} 20\)

c. \(+\mathrm{E} 20-\mathrm{E} 7\)

d. None of the above formulas will work

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Financial Accounting

ISBN: 9780133118209

2nd Edition

Authors: Charles T. Horngren, Jr. Harrison, Walter T.

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