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    Financial Accounting Asia
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    Exam 5: The Accounting Cycle: Reporting Financial Results
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    Which Accounts Should Be Closed
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Which Accounts Should Be Closed

Question 47

Question 47

Multiple Choice

Which accounts should be closed?


A) Expenses and revenues.
B) Dividends.
C) Income summary.
D) Each of the above accounts should be closed.

Correct Answer:

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