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Which of the following accounts reflects the profits/losses of a firm over a specified period of time (but not necessarily the entire life of the
Which of the following accounts reflects the profits/losses of a firm over a specified period of time (but not necessarily the entire life of the firm)? And on which statement would this be found?
Group of answer choices
Net Income/Net Profit - Balance Sheet
Net Income/Net Profit - Income Statement
Retained Earnings - Balance Sheet
Retained Earnings - Income Statement
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