Which of the Following Accounts Would Be Closed at the End

question 4

Multiple Choice

Which of the following accounts would be closed at the end of the year?

• A)Joan Wilson, Capital
• B)Accounts Receivable
• C)Accumulated Depreciation
• D)Supplies Expense

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Definitions:

Yield

The income return on an investment, expressed as a percentage of the investment’s cost or current market value.

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, often noted in years.

Yield Spread

The difference between the yields of two bonds with differing credit qualities, maturities, or issuers.

Historical Levels

Refers to the past recorded levels or values of a financial metric, interest rate, stock price, or any other economic indicator.