Question: When a net loss has occurred Income Summary is : a. debited and Retained Earnings are credited b. credited and Retained Earnings are debited c.

When a net loss has occurred Income Summary is :

a. debited and Retained Earnings are credited 

b.  credited and Retained Earnings are debited 

c. debited and Dividends are credited 

d. credited and Dividends are debited

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