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  3. Study Set
    Financial Managerial Accounting Study Set 1
  4. Exam
    Exam 5: The Accounting Cycle: Reporting Financial Results
  5. Question
    What Is the Balance in Income Summary Before It Is
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What Is the Balance in Income Summary Before It Is

Question 2

Question 2

Multiple Choice

What is the balance in Income Summary before it is closed to Retained Earnings?


A) $61.
B) $50.
C) $73.
D) $145.

Correct Answer:

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