The Following Information Is Available for Brendon Company Before Closing

question 100

Multiple Choice

The following information is available for Brendon Company before closing the accounts.What will be the amount in the Income Summary account that should be closed to Retained earnings?

• A)$80,000.
• B)$64,400.
• C)$43,000.
• D)$32,400.
• E)$42,400.

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Definitions:

HR Apps

Software applications designed to manage and optimize the human resource needs of an organization.

Talent Management

The systematic attraction, identification, development, engagement, retention, and deployment of those individuals who are of particular value to an organization.

Benefits Administration

The process of managing and overseeing employee benefits programs, such as health insurance, retirement plans, and leave policies.

ESS and MSS Applications

Employee Self-Service and Manager Self-Service applications that enable employees and managers to access and manage their HR-related information directly.