Which of the Following Account Balances Would Not Be Closed

question 5

Multiple Choice

Which of the following account balances would not be closed at year-end by debiting the account?

• A)Interest revenue.
• B)Gain on sale of building.
• C)Sales revenue.
• D)Unearned revenue.

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Definitions:

Joint Probability Distribution

The probability distribution that captures the likelihood of two or more random variables taking on various combinations of values.

Independent

Not influenced by or contingent upon something else; in statistics, refers to variables that operate without dependency on other variables.

Joint Probability Distribution

Describes a probability distribution for two or more random variables simultaneously.

Car Salespeople

Professionals who specialize in selling automobiles, often working in dealerships to assist customers in finding and purchasing new or used vehicles.