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QUESTION 9 On which financial statement will the Income Summary account balance be reported? Statement of Stockholder's Equity Statement of Cash Flow Balance Sheet None

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QUESTION 9 On which financial statement will the "Income Summary" account balance be reported? Statement of Stockholder's Equity Statement of Cash Flow Balance Sheet None of the above QUESTION 10 Presentation of sub-totals for Current Assets and Current Liabilities in the Balance Sheet are most useful for the evaluation of a com 's Profitability Liquidity Both profitability and liquidity Neither profitability or liquidity

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