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Author Topic:   Prior Year Net Income
COOPERSTOWN
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posted 09-21-2000 11:29 AM     Click Here to See the Profile for COOPERSTOWN   Click Here to Email COOPERSTOWN     Edit/Delete Message
At year end, current year NI closes to prior year Net Income. Is there any way to close this account to either Partners Capital or Retained Earnings, depending upon the entity in which we're working? The CPA's don't want to see this in a seperate section. Thank you.

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