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A corporation's net income or loss is closed at year-end to: Accumulated other comprehensive income. Other comprehensive income. Share capital. Retained earnings. Which of the following is the best explanation of a gain? An increase in economic resources resulting from the sale of assets as part of normal operating activities. A decrease in economic resources resulting from the sale of assets as part of a company's peripheral activities. A decrease in economic resources resulting from the sale of assets as part of normal operating activities. An increase in economic resources resulting from the sale of assets as part of a company's peripheral activities