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Which of the following may result in an increase in net income in May? A) Borrowing $10,000 from a bank on May 1, to be
- Which of the following may result in an increase in net income in May?
A) Borrowing $10,000 from a bank on May 1, to be repaid Dec 1
B) Stockholders investing $10,000 in a company on May 15
C) Selling concert tickets for $10,000 during May; concert is held in October
D) Selling $10,000 of groceries to customers
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