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    Business
  3. Study Set
    Financial and Managerial Accounting Study Set 8
  4. Exam
    Exam 5: The Accounting Cycle: Reporting Financial Results
  5. Question
    After All the Closing Entries Have Been Posted the Income
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After All the Closing Entries Have Been Posted the Income

Question 53

Question 53

True/False

After all the closing entries have been posted the Income Summary account will have a zero balance.

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