Which of the Following Accounts Is Not Closed at the End

question 46

Multiple Choice

Which of the following accounts is not closed at the end of an accounting cycle?

• A)Revenues
• B)Retained earnings
• C)Dividends
• D)Expenses

Distinguish between cash receipts and payments within the cash flow statement's sections.

Understand the impact of non-operating items (like gains or losses) on the calculation of net cash flow.

Learn how to report transactions involving issuance and repurchase of securities in the statement of cash flows.

Interpret the statement of cash flows and its significance in assessing a company's financial health.

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Definitions:

Verbal

Relating to or in the form of words, often used to describe communication methods.

Paralyzed

Paralyzed describes a loss of muscle function in part of the body, often as a result of damage to the nervous system.

Corpus Callosum

A significant band of nerve fibers connecting the two hemispheres of the brain, facilitating interhemispheric communication.

Hemispheres

Refers to the two symmetrical halves of the brain, each responsible for different functions and controls opposite sides of the body.