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The Following Information Is Available for Cubic Company Before Closing

Question 354

Multiple Choice

The following information is available for Cubic Company before closing the accounts.After all closing entries are made,what will be the balance in the Retained earnings account? The following information is available for Cubic Company before closing the accounts.After all closing entries are made,what will be the balance in the Retained earnings account? A) $115,000. B) $225,000. C) $264,000. D) $186,000. E) $956,000.


A) $115,000.
B) $225,000.
C) $264,000.
D) $186,000.
E) $956,000.

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