What Account Are Revenues and Expenses Transferred to at the End

question 19

Multiple Choice

What account are revenues and expenses transferred to at the end of the accounting cycle?

• A)Comprehensive Income
• B)Retained Earnings
• C)Accumulated Other Comprehensive Income
• D)Income Summary

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Definitions:

Emotional Intelligence

The ability to understand, use, and manage one's own emotions in positive ways to relieve stress, communicate effectively, empathize with others, overcome challenges, and defuse conflict.

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Standardized tests designed to measure cognitive abilities and potential, often used in educational and psychological settings.

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A region of the frontal lobe of the brain associated with decision making, social behavior, personality expression, and moderating social behaviour.