After Closing the Revenue, Expense, and Withdrawal Accounts, the Capital

question 102

Multiple Choice

After closing the revenue, expense, and withdrawal accounts, the capital increased by $3,000. Which of the following situations could have occurred?

• A) The company had a net income.
• B) The owner invested an additional amount.
• C) The owner made a withdrawal.
• D) All of these answers are correct.

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Definitions:

Suppression of Feelings

The conscious or unconscious act of avoiding or denying emotions, which can impact mental health and therapy outcomes.

Phase Goal

Objectives set for a particular stage in a process, such as during a therapeutic or developmental phase.

Vulnerable Emotions

Deep, often painful emotions that expose an individual's innermost fears, insecurities, and true self.

Body Awareness

Body awareness is the recognition and understanding of one’s own body, its position in space, and the sensations it experiences.