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5. If sales are $270,000, expenses are $320,000 and dividends are $30,000, Income Summary: A. Will have a credit balance of $50,000. B. Will have
5. If sales are $270,000, expenses are $320,000 and dividends are $30,000, Income Summary: A. Will have a credit balance of $50,000. B. Will have a debit balance of $50,000. C. Will have a debit balance of $20,000. D. Will have a credit balance of $20,000
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Modern Internal Auditing An Operational Approach
Authors: Victor Zinn Brink
3rd Edition
0471065242, 978-0471065241
