Rafael Is Committed to His Study of Ecology and the Effects

question 2

Multiple Choice

Rafael is committed to his study of ecology and the effects of climate change.Additionally,he tries to show respect for all living things.Which of the following statements best describes Rafael?

• A)He demonstrates intellectual health.
• B)He demonstrates social health.
• C)He demonstrates emotional health.
• D)He demonstrates spiritual health.

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Definitions:

Credit Balance

A balance in a financial account that indicates the amount of money owed to a creditor or the account holder; it is the opposite of a debit balance.

Closing Entries

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

Temporary Accounts

Revenue, expense, and drawing accounts that are closed to the owner’s capital account at the end of the accounting period.

Post-Closing Trial Balance

A listing of all accounts and their balances after the closing entries are made, ensuring debits equal credits.