solved : Question 34The Retained Earnings account of a company had a

  

Question 34The Retained Earnings account of a company had a Credit balance before closing the Revenue and Expense accounts.?fter closing the Revenue and Expense accounts the Retained Earnings account had a Debit balance.?he company did not declare or pay any dividends during this accounting period.?ased on this information it can be determined that the company incurred a loss for the period.A.?rueB.?alseC.?Not adequate facts to determine True or FalseAccountingBusinessFinancial AccountingACCOUNTING AC 161-45

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