A Place Located Along a Windward Coast Will Probably Have_____

question 84

Multiple Choice

A place located along a windward coast will probably have_____ .

• A) warmer summer temperatures than an inland location at the same latitude
• B) cooler summer temperatures than an inland location at the same latitude
• C) summer temperatures that are very similar to an inland location at the same latitude
• D) none of these

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thus preparing the books for the next period.

Income Summary

An account used in the closing process that summarizes revenues and expenses for a period, transferring the net amount to retained earnings.

Sales Returns

Transactions where customers return defective, unsatisfactory or unwanted products back to the seller, resulting in a reversal of revenue.

Accounts Receivable

Financial obligations of customers towards a business for delivered but unpaid goods or services.