If A's share of net income is $25,000 and B's share of net income is $40,000,the closing entry would involve a:

Name: If A's share of net income is $25,000 and B's share of net income is $40,000,the closing entry would involve a:
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The closing entry for distributing net income to partners involves debiting the Income Summary account for the total net income ($25,000 + $40,000 = $65,000) and crediting each partner's capital account for their respective share of the net income.

If A's Share of Net Income Is $25,000 and B's