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Income Statement accounts are closed at which stage of the accounting process? Multiple Choice At the time that adjustments are made After adjustments are made
Income Statement accounts are closed at which stage of the accounting process? Multiple Choice At the time that adjustments are made After adjustments are made and before the income Statement is prepared After the income Statement and the statement of retained earnings are prepared, but before the Balance Sheet is prepared As the last journal entries at the end of each accounting year
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