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Since it is the end of an accounting year, Marco, an accountant at a small firm, is in the process of closing the books on

Since it is the end of an accounting year, Marco, an accountant at a small firm, is in the process of closing the books on the firms revenue, expense, and dividend accounts. Which of the following best describes what Marco is doing? Group of answer choices Resetting temporary accounts to zero Calculating the firm's long-term equity Calculating the firm's long-term equity Balancing the firm's permanent accounts

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