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  3. Study Set
    College Accounting Study Set 8
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    Exam 6: Completing a Worksheet and Completing the Accounting Cycle
  5. Question
    The Income Summary Account Is an Important Account That Is
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The Income Summary Account Is an Important Account That Is

Question 93

Question 93

Multiple Choice

The Income Summary account is an important account that is used


A) during interim periods.
B) in preparing adjusting entries.
C) in preparing closing entries.
D) in preparing correcting entries.

Correct Answer:

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