Closing Entries Will Affect

question 28

Multiple Choice

Closing entries will affect

• A) total Assets.
• B) Cash.
• C) Owner's Capital.
• D) total Liabilities.

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Definitions:

Biocolonialism

Occurs when Western companies exploit indigenous areas and express a dominant–submissive relationship.

Environmental Racism

A form of discrimination against minority groups and people from poor countries who are subjected to a disproportionate share of environmental hazards and polluting industries.

Industrialized Nations

Countries characterized by a significant level of industrialization, with advanced technological infrastructure and a higher standard of living.

Robert Bullard

Often referred to as the "father of environmental justice," he is a scholar and activist known for his work on environmental racism and advocacy for those most affected by environmental inequality.