The Following Pre-Closing Accounts and Balances Were Drawn from the Records

question 46

Multiple Choice

The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31,Year 1:

-What is the amount of net income that will be reported on the Year 1 income statement?

• A)$2,200
• B)$3,200
• C)$1,000
• D)$200

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