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Which one categories at the end of an accounting period

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Reference no: EM132610469

Question 1: At the end of an accounting period, the amount of net profit earned by a company is transferred to the balance sheet and reported under which one of the following categories?

A. Assets

B. Liabilities

C. Owners' equity

D The amount of net profit is not transferred to the balance sheet.

Reference no: EM132610469

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