Question: under which circumstance would one less closing entry than usual be made a. when net income is zero b. when revenues have not yet been

under which circumstance would one less closing entry than usual be made

a. when net income is zero

b. when revenues have not yet been collected

c. when a net loss has been suffered

d. when the retaied earnings account is zero prior to posting of closing entries

e. none of the above

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