The Central Nervous System Consists of

question 207

Multiple Choice

The central nervous system consists of

• A) the brain.
• B) the brain and spinal cord.
• C) the brain, spinal cord, and nerves that carry messages to and from the periphery.
• D) the spinal cord and the nerves that carry messages to and from the periphery.

Explain the role of the Income Summary account in the closing process.

Understand the impact of closing entries on the owner's capital account.

Calculate the ending owner's equity based on net income/loss and owner's drawings.

Describe the preparation and purpose of a post-closing trial balance.