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ts Cash Notes Payable Land Common Stock Retained Earnings Identify the permanent accounts? Temporary (Nominal) Accounts Identify the nominal accounts?...

Permanent Accounts Cash Notes Payable Land Common Stock Retained Earnings Identify the permanent accounts? Temporary (Nominal) Accounts Identify the nominal accounts? What is the ending Balance of RE? What is the amount of net income? C. Net income is only the current year s income.

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