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If a net loss of $25,000 is divided equally between Candy Kane and Brandy Brown, the closing entry would involve a: A. debit to Income
If a net loss of $25,000 is divided equally between Candy Kane and Brandy Brown, the closing entry would involve a: A. debit to Income Summary for $25,000 B. debit to Brown's capital account for $12,500 C. credit to Kane's capital account for $12,500 o D. credit to Cash for $25,000
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