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:

Discrimination

Discrimination involves unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex, leading to denial of opportunities or rights.

Sick Role

A patterned social role that defines the behaviour that is appropriate for and expected of those who are sick.

Expectations

Anticipations or beliefs about what should happen in the future, often based on norms, experience, or projections.

Disengagement Theory

The assertion that successful aging requires the gradual withdrawal from social activity.