If Income Summary Has a Credit Balance After Revenues and Expenses

question 100

Multiple Choice

If Income Summary has a credit balance after revenues and expenses have been closed to it, the closing entry for Income Summary will include a

• A)debit to the retained earnings account.
• B)debit to the dividends account.
• C)credit to the retained earnings account.
• D)credit to the dividends account.

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Definitions:

Base Class

In object-oriented programming, the class from which other classes are derived, providing a common set of attributes and methods.

STL

The Standard Template Library, a C++ library of container classes, algorithms, and iterators.

Generic Data Types

A way to create functions or data structures that can operate on any data type in programming.

Hybrid Language

A programming language that combines elements of multiple programming paradigms, such as procedural and object-oriented programming.