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Question 25 4 pts Which one is False? Accounting Transactions are First Recorded into the Souma The Net Income amount is shown on both the

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Question 25 4 pts Which one is False? Accounting Transactions are First Recorded into the Souma The Net Income amount is shown on both the income Statement and the Blance Sheet The Ending Retained Earnings balance is shown on both the Owners Equity Statement and the Balance Sheet The General Ledger will show All Activity by Each Account The Trial Balance is prepared at the end of Each Accounting Period

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