Under Whom Did Michelangelo Serve an Apprenticeship Immediately Prior to Being

question 32

Multiple Choice

Under whom did Michelangelo serve an apprenticeship immediately prior to being taken into the household of Lorenzo de Medici?

• A)Leonardo da Vinci
• B)Donatello
• C)Raphael
• D)Ghirlandaio

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Definitions:

Owner's Drawings

Withdrawals of business assets by the owner for personal use.

Income Summary

An account in which revenues and expenses are summarized, showing the net income or loss for a specific period before closing entries are made.

Net Income

Net income is the total revenue minus total expenses of a business, showing the company's profit during a specific period.

Correcting Entries

Journal entries made to amend previously recorded transactions that were incorrect or incomplete.