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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 16

Question 16

Multiple Choice

Refer to the information above. After closing the accounts, Retained earnings at December 31 equals:


A) Zero.
B) $18,400.
C) $19,360.
D) $16,640.

Correct Answer:

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