Revenues and Expenses Are Transferred to the ________ Account Before

question 91

Multiple Choice

Revenues and expenses are transferred to the ________ account before their final transfer into the Owner's Name, Capital account.

• A)net income.
• B)income summary
• C)withdrawals
• D)assets

---

Definitions:

Fiedler Contingency

A leadership theory proposing that effective leadership is dependent on the match between a leader's style of interacting with subordinates and the degree to which the situation gives control and influence to the leader.

Vroom-Jago Leadership

A decision-making model that helps leaders choose the best course of action based on the situation's attributes.

Sequential Decisions

A process in decision-making where each decision is made one after another, often based on the outcomes of previous choices.

Leader Expertise

The specialized knowledge and skills that a leader possesses, contributing to their capability to guide and influence others.