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Which of the following statements regarding the Income Statement columns on the work sheet is false? Multiple Choice The balances in the Income Statement credit
Which of the following statements regarding the Income Statement columns on the work sheet is false? Multiple Choice The balances in the Income Statement credit column are unearned revenues. The balances in the Income Statement debit column are expenses. The difference between the totals of the Income Statement columns is net income or net loss. The net income or net loss from the Income Statement columns is entered in the Balance Sheet & Statement of Owner's. The balance in the income statement credit column are revenues.
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