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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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