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After all of the account balances have been extended to the Income Statement columns of the end - of - period spreadsheet, the totals of
After all of the account balances have been extended to the Income Statement columns of the endofperiod spreadsheet, the totals of the Debit and Credit columns are $ and $ respectively. What is the amount of the net income or net loss for the period?
a $ net loss
b $ net income
c $ net income
d $ net loss
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