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    Financial Managerial Accounting Study Set 1
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    Exam 5: The Accounting Cycle: Reporting Financial Results
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    Closing Entries Never Involve Posting a Credit to The
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Closing Entries Never Involve Posting a Credit to The

Question 128

Question 128

Multiple Choice

Closing entries never involve posting a credit to the:


A) Income Summary account.
B) Accumulated Depreciation account.
C) Dividends.
D) Depreciation Expense account.

Correct Answer:

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