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    Business
  3. Study Set
    Financial Accounting Study Set 5
  4. Exam
    Exam 4: Supplement - Closing Entries and the Work Sheet
  5. Question
    Closing Entries May Be Prepared by Referring to the Income
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Closing Entries May Be Prepared by Referring to the Income

Question 2

Question 2

True/False

Closing entries may be prepared by referring to the Income Statement columns and the Dividends column of the work sheet.

Correct Answer:

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