At December 31, Kunkel Corporation reports net income of $450,000. Prepare the entry to close net income.
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At December 31, Kunkel Corporation reports net income of $450,000. Prepare the entry to close net income.
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For 
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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