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Question 1 2 pts The net income (or loss) for the period is found by computing the difference between the income statement credit column and
Question 1 2 pts The net income (or loss) for the period is found by computing the difference between the income statement credit column and the balance sheet credit column on the work sheet. O cannot be found on the work sheet. O is found by computing the difference between the income statement columns of the work sheet. O is found by computing the difference between the trial balance totals and the adjusted trial balance totals. Question 2 2 pts If the total debits exceed total credits in the balance sheet columns of the work sheet, stockholders' equity O will increase because net income has occurred. O will decrease because a net loss has occurred. O is in error because a mistake has occurred. will not be affected
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