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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 $2,200 $1,000 $200 $3,200 Mary Company collected cash from an account recelvable. Which of the following financial statements are affected by this accounting event? Multiple Choicen Balance sheet and the statement of cash fows Income statement and the statement of cash fows Inceme slatement and the balance sheet Statement of changes in stockholders' equity

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