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ifincome summary has a $ 1 3 , 5 0 0 debit balance before it is closed to the capital account, the company Select one.

ifincome summary has a $13,500 debit balance before it is closed to the capital account, the company
Select one.
O a. Generated a net income of $13,500.
O b. Incurred a net loss of $13,500
O c. Had revenues that exceeded expenses by $13,500.
O d. Had expenses that were $13,500 less than revenues

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