Multiple Choice
The closing entries show a debit to Retained Earnings of $350,and a credit to Retained Earnings of $750.There was also a credit to Dividends Payable of $100.This company had a:
A) net loss of $400.
B) net income of $400.
C) net loss of $500.
D) net income of $500.
Correct Answer:
Verified
Correct Answer:
Verified
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