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:

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing thoughts, feelings, and behaviors.

Intelligence

The ability to learn, understand, and apply knowledge, to reason and solve problems, and to adapt to new situations.

Weight

A measure of the mass of an object or individual, often used in a health context to discuss body mass and its implications for well-being.

Niche-picking

The process by which individuals select environments or experiences that complement their inherited tendencies or skills.