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  2. Topic
    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 5: The Accounting Cycle Completed: Closing and Post-Closing Trial Balance
  5. Question
    Income Summary Is a Temporary Account Located in the Chart
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Income Summary Is a Temporary Account Located in the Chart

Question 113

Question 113

Multiple Choice

Income Summary is a temporary account located in the chart of accounts under


A) Assets.
B) Liabilities.
C) Owner's Equity.
D) Revenue.

Correct Answer:

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