In Order to Close the Dividends Account, the

question 114

Multiple Choice

In order to close the Dividends account, the

• A) income summary account should be debited.
• B) income summary account should be credited.
• C) retained earnings account should be credited.
• D) retained earnings account should be debited.

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Definitions:

Bipolar Disorder

A mental disorder marked by extreme mood swings, including episodes of mania and depression.

Regular Routines

Consistent daily activities or habits that provide a structure and predictability to life, often contributing to improved mental health.

Interpersonal Therapy

A short-term psychotherapy targeting interpersonal issues, aiming to improve communication patterns and how one relates to others.

Depressed Individuals

Persons experiencing a persistent feeling of sadness, hopelessness, and a lack of interest or pleasure in daily activities.