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At the end of the accounting cycle, net income will be closed into A. Treasury Stock. B. Paid-In Capital. C. Cash. D. Retained Earnings.
At the end of the accounting cycle, net income will be closed into Retained Earnings.
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Asked 1/27/2018 3:04:08 PM
Updated 1/27/2018 10:06:48 PM
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At the end of the accounting cycle, net income will be closed into Retained Earnings.

Added 1/27/2018 10:06:48 PM
This answer has been confirmed as correct and helpful.
Confirmed by Masamune [1/27/2018 11:26:16 PM]
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Updated 1/26/2018 11:56:05 PM
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Appropriations to retained earnings are Question 14 options: recorded as a contra-liability. disclosed in the notes to the financial statements. a contra-stockholders' equity. recorded as an contra-asset.
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Updated 1/28/2018 12:15:57 PM
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Appropriations to retained earnings are - disclosed in the notes to the financial statements.
Added 1/28/2018 12:15:57 PM
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