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The Income Statement Debit column exceeds the Income Statement Credit column on a work sheet. This indicates a net income for the company. a net

The Income Statement Debit column exceeds the Income Statement Credit column on a work sheet. This indicates

a net income for the company.

a net loss for the company.

that mistakes were made in the preparation of the work sheet.

the owner's Capital account increased during the year.

the inventory increased during the year.

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