When Closing the Income Summary Account When There Is a Net

question 44

Multiple Choice

When closing the Income Summary account when there is a net loss:

• A) Capital would increase.
• B) Capital would decrease.
• C) Capital would remain the same.
• D) Revenue would decrease.

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Definitions:

DNA

Deoxyribonucleic Acid, the molecule that carries genetic information in living organisms and viruses.

Selectively Permeable

A property of cellular membranes that allows some substances to pass through while blocking others.

Cell Membrane

The selectively permeable barrier that encloses the cytoplasm inside a cell and regulates the flow of materials entering and exiting the cell.

Structural Materials

Materials used in the construction of buildings and structures, including steel, concrete, wood, and more.