Why is the account Dividends Declared not closed into Income Summary along with the expense accounts?

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Why is the account Dividends Declared not closed into Income Summary along with the expense accounts?

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119594574

8th Canadian Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley

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