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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
The closing entries show a debit to Retained Earnings of $350, and a credit to Retained Earnings of $750. There was also a credit to Dividends Payable of $100. This company had a:
A) net loss of $400.
B) net income of $400.
C) net loss of $500.
D) net income of $500.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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7 years ago
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tivo Author
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#2
7 years ago
Thank you for helping me with my accounting homework, will ask again
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