Which of the Following Accounts Would Be Closed at the End

question 36

Multiple Choice

Which of the following accounts would be closed at the end of the accounting period?

• A)Capital
• B)Accumulated Depreciation
• C)Prepaid Rent
• D)Depreciation Expense

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Definitions:

Phrenic Nerve

A nerve that originates in the neck and passes down between the lung and heart to reach the diaphragm, crucial for breathing as it controls the diaphragm's movements.

Rectus Abdominus

A long muscle running from the pubis to the ribcage, involved in flexing the lumbar spine and stabilizing the pelvis and core.

Pectoralis Minor

A thin, triangular muscle located beneath the pectoralis major, involved in movements of the shoulder blade, including drawing it downward and forward.

Internal Intercostal

Muscles located between the ribs that contract during exhalation, aiding in the forced expiration of air from the lungs.