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Which of the following accounts will not be closed to Income Summary at the end of the fiscal year?
Consumer Market
A category of markets consisting of individuals and households who buy goods and services for personal consumption.
Ascribed Status
Social status that is assigned at birth or assumed involuntarily later in life, not based on personal achievements or abilities.
Status Recognition
is the acknowledgment or esteem received from others because of one’s position, achievements, or qualities.
Prestige Status
A social standing that denotes respect, admiration, or significance within a particular context or community.
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