Business, 02.08.2019 22:20 brandicarney70p8jlsp

The income summary account, for wise tools appears below. based on the data contained in the account, determine which of the statements below is correct. income summary 12/31 beg inv. 4,000 12/31 ending inv. 9,000 12/31 expenses 51,000 12/31 revenues 45,000 multiple choice wise tools will report a $6,000 net loss for the period ending 12/31 wise tools will report net income of $6,000 for the period ending 12/31 wise tools will report net income of $1,000 for the period ending 12/31 wise tools will report a $1,000 net loss for the period ending 12/31

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The income summary account, for wise tools appears below. based on the data contained in the account...