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QUESTION 1 Which basic activity does accounting not consist of? a. Identifies O b. Records O c. Communicates O d. Contributes QUESTION 2 Income (profit)

QUESTION 1 Which basic activity does accounting not consist of? a. Identifies O b. Records O c. Communicates O d. Contributes QUESTION 2 Income (profit) is the excess of revenues over expenses. True False

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