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115. The effect of closing revenues and expenses to Retained Earnings will be to: a. increase Retained Earnings by $50,000 b. decrease Retained Earnings by
115. The effect of closing revenues and expenses to Retained Earnings will be to: a. increase Retained Earnings by $50,000 b. decrease Retained Earnings by $50,000 c. increase Retained Earnings by $237,000 d. decrease Retained Earnings by $237,000 2 of 5 
115. The effect of closing revenues and expenses to Retained Earnings will be to: a. increase Retained Earnings by $50,000 b. decrease Retained Earnings by $50,000 c. increase Retained Earnings by $237,000 d. decrease Retained Earnings by $237,000 115. The effect of closing revenues and expenses to Retained Earnings will be to: a. increase Retained Earnings by $50,000 b. decrease Retained Earnings by $50,000 c. increase Retained Earnings by $237,000 d. decrease Retained Earnings by $237,000
115. The effect of closing revenues and expenses to Retained Earnings will be to: a. increase Retained Earnings by $50,000 b. decrease Retained Earnings by $50,000 c. increase Retained Earnings by $237,000 d. decrease Retained Earnings by $237,000 2 of 5
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