Which Account Has a Balance Equal to Net Income Immediately

question 161

Multiple Choice

Which account has a balance equal to net income immediately before it is closed?

• A) The Income summary account
• B) The Drawing account
• C) The Net Income account
• D) The Capital account

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Definitions:

Equivalent Atoms

Equivalent atoms are atoms in a molecule that have identical bonding arrangements and environment, making them indistinguishable in chemical reactions.

Acetylene

A colorless, flammable gas used as a fuel and a building block for chemical synthesis.

Molecular Shape

The three-dimensional arrangement of atoms within a molecule, determining its reactivity, polarity, and physical properties.

Linear

Describes a structure, process, or mathematical function that proceeds or is arranged in a straight line or sequence.