Net Income: Multiple Choice Equals assets minus liabilities. Represents the amount of assets owners put...
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Net Income: Multiple Choice Equals assets minus liabilities. Represents the amount of assets owners put into a business. Occurs when revenues exceed expenses. Represents creditor claims against assets. Decreases equity. 
Net Income:
Multiple Choice
Equals assets minus liabilities.
Represents the amount of assets owners put into a business.
Occurs when revenues exceed expenses.
Represents creditor claims against assets.
Decreases equity.
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