After Closing the Revenue, Expense, and Withdrawal Accounts, the Capital

question 40

Multiple Choice

After closing the revenue, expense, and withdrawal accounts, the capital increased by $2,500. Which of the following situations could have occurred?

• A) The company had a net loss.
• B) The owner invested an additional amount.
• C) The owner made a withdrawal.
• D) All of these answers are correct.

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Definitions:

Socio-Cultural Conditions

The combination of social and cultural factors that influence the behavior, beliefs, and functioning of individuals or communities.

Demographics

Statistical data relating to the population and particular groups within it, often used to identify market segments by characteristics like age, gender, income, etc.

Marketing Executives

Professionals responsible for developing and implementing strategies to promote and sell products or services.

Reshoring

The process of bringing manufacturing and production back to a company's original country.