An Entry to ______Must Be Recorded at the End of the Year

question 5

Multiple Choice

An entry to ______must be recorded at the end of the year.

• A)Transfer Net Income into the Owner's Capital account
• B)Transfer Net Income into the Checking account
• C)Close the adjusting entries for prepaid expenses
• D)Write a check to the owner for the amount of Net Income

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Definitions:

Social Benefits

Advantages and positive outcomes for the broader community that result from actions, policies, or services provided.

Business Approach

It refers to a company's strategy or method in dealing with its business operations to achieve objectives efficiently.

Socially Responsible Investors

Investors who prioritize ethical, environmental, and social considerations in addition to financial returns in their investment decisions.

ESG Criteria

Environmental, Social, and Governance criteria, which are standards for a company’s operations that socially conscious investors use to screen potential investments.