Which of the Following Accounts Is Not Found in Closing

question 220

Multiple Choice

Which of the following accounts is not found in closing entries?

• A) Dividends
• B) Income Summary
• C) Retained Earnings
• D) Accumulated Depreciation-Equipment

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Definitions:

Annual Dividend

The total dividend payments issued by a company to its shareholders in a year.

Expected Return

The weighted average of all possible returns, considering the probabilities of each outcome.

Growth Rate

The rate at which a company's earnings or revenues increase in a given time period, reflecting its ability to expand its business.

Annual Dividend

The total dividend that a company pays to its shareholders in a single fiscal year.