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Net income is: A) Assets minus liabilities. B) The excess of revenues over expenses. C) An asset. D) The same as revenue. E) The excess
Net income is:
| A) | Assets minus liabilities. |
| B) | The excess of revenues over expenses. |
| C) | An asset. |
| D) | The same as revenue. |
| E) | The excess of expenses over retained earnings. |
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Principles Of Auditing And Other Assurance Services
Authors: Ray Whittington, Kurt Pany
22nd Edition
126059808X, 978-1260598087
