A Net Loss

question 78

Multiple Choice

A net loss

• A)occurs if operating expenses exceed cost of goods sold.
• B)is not closed to Retained Earnings if it would result in a debit balance.
• C)is closed to Retained Earnings even if it would result in a debit balance.
• D)is closed to the Paid-in Capital account of the stockholders' equity section of the balance sheet.

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