Formal Closing Entries Ultimately Will Affect

question 44

Multiple Choice

Formal closing entries ultimately will affect

• A) the Common Stock account.
• B) total Liabilities.
• C) the Retained Earnings account.
• D) total Assets.

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Definitions:

Lesbians

Women who feel romantic and sexual attraction towards other women.

Masculine Characteristics

Traits or qualities traditionally considered to be typical of or appropriate for men, such as strength, aggression, and dominance.

Alfred Kinsey

A pioneering American sexologist known for his research on human sexuality and for developing the Kinsey scale.

Heterosexuals

Individuals who are sexually attracted to people of the opposite sex.