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The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31 , Year 1 : What is net income

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The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31 , Year 1 : What is net income that will be shown on Carolina's Year 1 income statement? Multiple Choice $1,250 $1,550 $1,050 $2,800

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