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7. A formal statement of the results of the operation of a business during an accounting period is called a(n) A. statement of changes. B. balance sheet. C. statement of condition. D. income statement.
A formal statement of the results of the operation of a business during an accounting period is called: D. Income Statement.
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Expert answered|debnjerry|Points 51965|
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Asked 11/1/2013 6:37:56 PM
Updated 3/16/2014 3:38:07 AM
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Confirmed by alfred123 [3/16/2014 3:38:07 AM]
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14. Reversing entries make possible the entering of the transactions of the succeeding accounting period in a routine manner. True False
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Updated 11/4/2016 12:55:34 PM
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Reversing entries make possible the entering of the transactions of the succeeding accounting period in a routine manner. TRUE.
make possible the enterin
Added 11/4/2016 12:55:34 PM
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Confirmed by jeifunk [11/5/2016 12:27:34 PM]
A formal statement of the results of the operation of a business during an accounting period is called a(n) (Points : 3) statement of changes. balance sheet. statement of condition. income statement.
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Updated 4/20/2014 4:31:13 PM
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A formal statement of the results of the operation of a business during an accounting period is called an income statement.
Added 4/20/2014 4:31:13 PM
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Confirmed by alfred123 [4/20/2014 4:32:18 PM]
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