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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
Closing the revenue, expense, and dividend accounts:
A) yields the amount of net income or net loss for the period.
B) yields the change in Retained Earnings for the period.
C) yields the change in the permanent accounts for the period.
D) yields the final balance in Stockholders' Equity for the period.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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7 years ago
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bravata Author
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#2
6 years ago
Thank you so much

I wish I knew about this years ago
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