The Balance in the J

question 39

Multiple Choice

The balance in the J. Higgins, Withdrawals account was $3,200. The entry to close the account would include a:

• A) debit to Income Summary, $3,200.
• B) credit to Income Summary, $3,200.
• C) debit to J. Higgins, Capital, $3,200.
• D) debit to J. Higgins, Withdrawals, $3,200.

---

Definitions:

Antecedent Factors

Events or conditions that precede and potentially cause specific behaviors or outcomes.

Cross-cultural Adjustment

The process individuals undergo to adapt to new cultural environments, important in the context of international assignments and global business.

Cultural Knowledge

Cultural knowledge refers to an understanding of the customs, beliefs, and practices of different societies and communities.

Integrative IHRM Approach

A holistic method in international human resource management that combines practices and policies from both the parent company and its international subsidiaries.