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QUESTION 4 4 Cost of Goods Sold will be closed in step one of the closing entries for a retail business. Analyze the truth of

QUESTION 44
Cost of Goods Sold will be closed in step one of the closing entries for a retail business. Analyze the truth of this statement
a. There is no way to determine whether this statement is true or false.
b. This statement is false.
c. This statement is true
d. There is no right or wrong answer for this statement
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