Closing Entries Result in the Dividends Account Being Transferred into Net

question 195

True/False

Closing entries result in the Dividends account being transferred into net income or net loss for the period ending.

---

Definitions:

Operant Conditioning

A method of learning that uses rewards and punishments to influence behavior.

Neutral Stimulus

A stimulus that initially does not elicit a strong reaction until it is associated with an unconditioned stimulus.

Classically Conditioned Response

A learned response elicited by a previously neutral stimulus after it has been repeatedly associated with an unconditioned stimulus.

Work Setting

The physical and social context or environment where an individual performs their job or professional activities.