Solved: In preparing the income statement from the end-of-period, Accounting Basics

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In preparing the income statement from the end-of-period

The end-of-period spreadsheet (work sheet) for the current year for Jamal Company shows Balance Sheet columns with a debit total of $597,860 and a credit total of $528,630. This is before the amount for net income or net loss has been included. In preparing the income statement from the end-of-period spreadsheet, what is the amount of net income or net loss?

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Accounting Basics: In preparing the income statement from the end-of-period

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