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    Financial Accounting Study Set 30
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    Exam 4: Adjustments, Financial Statements, and Financial Results
  5. Question
    The Dividends Declared Account Should Be Closed to Retained Earnings
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The Dividends Declared Account Should Be Closed to Retained Earnings

Question 148

Question 148

True/False

The dividends declared account should be closed to retained earnings at year-end.

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