A Company Had Revenues of $75,000, Withdrawals of $10,000 and Expenses

question 43

Multiple Choice

A company had revenues of $75,000, withdrawals of $10,000 and expenses of $62,000
during an accounting period. Which of the following entries should not be journalized in the closing process?

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Definitions:

Individual Security

A particular financial instrument such as a stock or bond representing an ownership or creditor relationship with a corporation or governmental entity.

Portfolio Beta

A measure of the volatility, or systematic risk, of a portfolio of investments compared to the market as a whole.

Individual Securities

are financial instruments such as stocks or bonds that are owned directly by investors, as opposed to being part of a pooled investment.

Weighted Average

A calculation method that multiplies each component by a factor reflecting its importance and sums these products to derive an average.