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Closing entries are performed to ensure the current period's activity in the revenue, expense, and dividends accounts are moved to retained earnings. After these entries
Closing entries are performed to ensure the current period's activity in the revenue, expense, and dividends accounts are moved to retained earnings. After these entries the revenue, expense, and dividends accounts are ready to collect the next period's activity. True False
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, David E. Stout, Gary Cokins, Kung Chen
4th Edition
0073128155, 978-0073128153
