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  3. 1. the income statement reflects and is based on a

1. The income statement reflects and is based on accountng.-' a. operating activities; cash b....

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Accounting

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1. The income statement reflects and is based on accountng.-' a. operating activities; cash b. operating activities; accrual c. investing activities; accrual d. financing activities; cash 2. The net income for a period is posted to the account at the end of the accounting period. a. dividends D. revenue- c. retained earnings. d. common stock

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