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Home Q & A Board Other Fields Homework Help Business Accounting
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bosoxsilva bosoxsilva
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5 years ago
To close out the income summary ________.
A) debit income summary, credit retained earnings for the amount of net income
B) credit income summary and debit retained earnings for the amount of the net loss
C) Both A and B
D) Neither A nor B
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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beck98beck98
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5 years ago
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bosoxsilva Author
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5 years ago
Thanks
mkyoungs
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Yesterday
this is exactly what I needed
SupremeDJ
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2 hours ago
You make an excellent tutor!
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