After Closing the Revenue,expense,and Withdrawal Accounts,the Capital Increased by $2,000

question 31

Multiple Choice

After closing the revenue,expense,and withdrawal accounts,the capital increased by $2,000.Which of the following situations could have occurred?

• A)The company had a net income.
• B)The owner invested an additional amount.
• C)The owner made a withdrawal.
• D)All of these answers are correct.

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Definitions:

Sample Mean

The average value of a sample set of data, used as an estimate of the population mean.

Population Distribution

The spread of people across locations, often analyzed for understanding demographics or economic conditions.

Skewed

describes a distribution that is not symmetrical, with a longer tail on one side of the peak than the other.

Normal Distribution

A probability distribution that is symmetrical around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.