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Net income: Select one: a. Occurs when revenues exceed expenses. b. Is the same as revenue. c. Equals resources owned or controlled by a company.

Net income:

Select one:

a. Occurs when revenues exceed expenses.

b. Is the same as revenue.

c. Equals resources owned or controlled by a company.

d. Occurs when expenses exceed assets.

e. Represents assets taken from a company for an owner's personal use.

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