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    Financial and Managerial Accounting Study Set 8
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    Exam 5: The Accounting Cycle: Reporting Financial Results
  5. Question
    The Dividends Account Should Be
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The Dividends Account Should Be

Question 70

Question 70

Multiple Choice

The dividends account should be:


A) Closed to income summary.
B) Closed to retained earnings.
C) Closed only if there is a profit.
D) Not closed at all.

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