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Sebastien Company earned net income of $44,000 during 2018. The company paid dividends totalling $20,000 during the period. Prepare the entries to close Income Summary and the Dividends account.
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Obscure
Not discovered or known about; uncertain and not clear or easily understood.
Vague
Vague describes something that is unclear, indistinct, or not precisely defined, often leading to ambiguity or misunderstanding.
Differentia
A characteristic that distinguishes a thing or a concept from others within the same group or category.
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