To Which of the Following Accounts Should the Balance in the Income

question 44

Multiple Choice

To which of the following accounts should the balance in the Income Summary account be closed?

• A)Owner's Name, Withdrawals
• B)Net Income
• C)Owner's Name, Capital
• D)Service Revenue

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Definitions:

Person-Centered Therapy

A form of talk therapy developed by Carl Rogers, emphasizing a non-directive, empathetic approach and unconditional positive regard towards the client.

Modern Psychoanalysts

Describes psychoanalysts who practice and develop theories beyond the foundational approaches of Freud, incorporating more contemporary psychological theories and research.

Face-To-Face Discussions

Conversations where participants make direct eye-contact, allowing for non-verbal cues to be included in communication.

Resistance

The act of opposing or standing firm against something; can also refer to a measure of how much a substance opposes the flow of an electric current.