After Preparing and Posting the Closing Entries for Revenues and Expenses

question 3

Multiple Choice

After preparing and posting the closing entries for revenues and expenses, the income summary account has a debit balance of $33,000. The entry to close the income summary account will be:

• A) Debit Income Summary $33,000; credit Owner Capital $33,000.
• B) Debit Owner Capital $33,000; credit Income Summary $33,000.
• C) Debit Income Summary $33,000; credit Owner Withdrawals $33,000.
• D) Debit Owner Withdrawals $33,000; credit Income Summary $33,000.
• E) Credit Owner Capital $33,000; debit Owner Withdrawals $33,000.

Awareness of different formats of psychotherapy delivery, including cybertherapy.

Understand public perception and reported effectiveness of different psychotherapies.

Understand the characteristics and behaviors associated with different types of abusers.

Recognize the role of narcissism and impulsivity in aggressive behavior.

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Definitions:

Push Strategy

Directing the promotional mix to channel members to gain their cooperation in ordering and stocking the product.

Promotional Mix

A combination of advertising, sales promotion, public relations, personal selling, and direct marketing strategies used to achieve marketing goals.

Channel Members

Individuals or entities involved in the process of making a product or service available for use or consumption by a consumer or business user.

Manufacturer

A company or entity that produces goods using raw materials, labor, and machinery, typically for sale to consumers, businesses, or other entities.