Use the Following Figure to Answer the Question

question 23

Multiple Choice

Use the following figure to answer the question.

Diagram of a food web (arrows represent energy flow and letters represent species)
If the figure represents a marine food web, zooplankton are most likely ________.

• A) A
• B) B
• C) C
• D) E

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Definitions:

Temporary Accounts

Accounts that are closed at the end of each accounting period, including revenue, expense, and withdrawal accounts.

Zero Balances

Accounts in financial statements that have no outstanding balance or value at a given point in time.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances in temporary accounts to permanent accounts, preparing the books for the next accounting period.

Adjusting Entries

Entries in the books of accounts made during the final part of an accounting cycle to distribute profits and costs to their rightful period.