After posting the second closing entry to the income summary account, the balance will be equal to:
a) zero
b) retained earnings
c) revenue for the period
c) the net income or (loss) for the period
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After posting the second closing entry to the income summary account, the balance will be equal to:
a) zero
b) retained earnings
c) revenue for the period
c) the net income or (loss) for the period
Zero
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