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  3. if there is a net income there will be a _________

If there is a net income there will be a ___________ balance in the Income...

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Question

Accounting

If there is a net income there will be a ___________ balance in the Income Summary account before moving the balance to Retained Earnings

A. Debit

B. Credit

C. Zero

D. Not Determinable

Answer & Explanation Solved by verified expert
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