Net Income is defined as: A. The excess of credit balances over debits balances...
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Accounting
Net Income is defined as: A The excess of credit balances over debits balances on the Trial Balance. B The excess of Revenues over Expenses on the Income Statement. C The excess of Assets over Liabilities on the Balance Sheet. D The increase in Owners' Equity resulting from Capital Contributions andor Sale of Stock. 
Net Income is defined as:
A The excess of credit balances over debits balances on the Trial Balance.
B The excess of Revenues over Expenses on the Income Statement.
C The excess of Assets over Liabilities on the Balance Sheet.
D The increase in Owners' Equity resulting from Capital Contributions andor Sale of Stock.
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