Solution-Compute the net income or loss for the period

Compute the net income or loss for the period

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Reference no: EM132117351

Question - Beginning and ending inventories are $900 and $800, respectively. The income statement debit and credit columns of the worksheet total $2,500 and $2,500, respectively, not including the adjustment amounts for beginning and ending inventories. Compute the net income or loss for the period?

A. $150 net loss.

B. $100 net loss.

C. $100 net income.

D. $150 net income.

Reference no: EM132117351

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Compute the net income or loss for the period

Reference no: EM132117351

Reference no: EM132117351

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