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The Net Income Reported on the Income Statement Is $85,000

Question 80

Multiple Choice

The net income reported on the income statement is $85,000. However, adjusting entries have not been made at the end of the period for supplies expense of $2,200 and accrued salaries of $800. Net income, as corrected, is


A) $84,200
B) $85,000
C) $82,800
D) $82,000

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