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41. The income statement and balance sheet columns of Smith and Riley Company's worksheet reflect the following totals: Income Statement Balance Sheet $42,000 $68,000 $96,000

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41. The income statement and balance sheet columns of Smith and Riley Company's worksheet reflect the following totals: Income Statement Balance Sheet $42,000 $68,000 $96,000 $70,000 The net income (or loss) for the period is a. $26,000 income. b. $28,000 loss c. $22,000 income. d. not determinable

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