There Are Usually How Many Closing Journal Entries

question 109

Multiple Choice

There are usually how many closing journal entries?

• A)5
• B)4
• C)3
• D)2

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Definitions:

Trade Restrictions

Measures imposed by governments to regulate or limit international trade.

Tariff

A tax levied on goods imported into a country.

Imported Steel

Steel that is produced in one country and brought into another for use in manufacturing or construction.

Domestic Industry

Industries within a country’s borders that produce goods or services for the local economy.