How is the Income Summary account used? Is it a temporary or permanent account?
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The Income Summary account summarizes the net income or net loss for the period by collecting t...View the full answer
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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