In Order to Close the Dividends Account, the

question 177

Multiple Choice

In order to close the dividends account, the

• A) income summary account should be debited.
• B) income summary account should be credited.
• C) retained earnings account should be credited.
• D) retained earnings account should be debited.

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Definitions:

Sex Glands

Organs that produce sex hormones and gametes; for males, this refers to the testes, and for females, the ovaries.

X-Chromosome

One of the two sex chromosomes, present in two copies in females (XX) and one copy in males (XY), and carrying genes that determine sex and other traits.

Y-Chromosome

A sex chromosome, typically present in males, responsible for determining male biological characteristics.

Sex-Linked Abnormalities

Genetic disorders that are associated with the sex chromosomes, often leading to disease or condition manifesting predominantly in one sex.