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QUESTION 34 Which of the following statements about temporary accounts is not true? Oa. Temporary accounts appear on the post-closing trial balance. Ob. Temporary
QUESTION 34 Which of the following statements about temporary accounts is not true? Oa. Temporary accounts appear on the post-closing trial balance. Ob. Temporary accounts appear on the income statement.. Oc. Temporary accounts begin each accounting period with a zero balance. Od. Temporary accounts do not appear on the balance sheet QUESTION 35 ABC Corporation has Retained Eamings of $45.000 at the end of March, 2020. During the month of April, ABC Corporation has revenues of $70,000 and total operating expenses of $62,000. During April, ABC Corporation also declares and pays dividends of 55,000 and issues Common stock for $8,000. What is ABC Corporation's ending balance of Retained Eamings on April 30? (Show your work for this problem, including labels for all numbers used in calculations.)
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