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Which of the following statements is true? A. Retained earning is automatically created and QuickBooks will do the year end entries to retained earnings for

Which of the following statements is true? A. Retained earning is automatically created and QuickBooks will do the year end entries to retained earnings for you B. Retained earnings is automatically created but you must close out the year C. Retained earnings is not automatically created, you must create it D. There is not retained earning account in QuickBooks

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