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    Business
  3. Study Set
    Financial Managerial Accounting Study Set 1
  4. Exam
    Exam 5: The Accounting Cycle: Reporting Financial Results
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    Refer to the Information Above
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Refer to the Information Above

Question 24

Question 24

Multiple Choice

Refer to the information above. Income Summary will have what balance before it is closed?


A) Zero.
B) $11,750.
C) $7,250.
D) $11,000.

Correct Answer:

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