Which of the Following Is a True Statement About Closing

question 96

Multiple Choice

Which of the following is a true statement about closing the books of a corporation?

• A)Expenses are closed to the Expense Summary account.
• B)Only revenues are closed to the Income Summary account.
• C)Revenues and expenses are closed to the Income Summary account.
• D)Revenues, expenses, and the Dividends account are closed to the Income Summary account.

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Speech Format

The structured arrangement or outline of a speech, including the introduction, body, and conclusion, tailored to the speech's purpose and audience.

Organize

The act of arranging or structuring elements in a systematic way for efficiency or order.

Time Limit

A specified period within which a task needs to be completed or a goal achieved.

Method of Delivery

The approach or technique used to convey a message or present information to an audience.