Use This End-Of-Period Spreadsheet to Answer the Questions That Follow

question 72

Multiple Choice

Use this end-of-period spreadsheet to answer the questions that follow.
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-The entry to close Income Summary would be

• A) debit Common Stock, $50,000; credit Income Summary, $50,000
• B) debit Income Summary, $155,000; credit Common Stock, $155,000
• C) debit Income Summary, $50,000; credit Retained Earnings, $50,000
• D) debit Common Stock, $9,000; credit Income Summary, $9,000

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Definitions:

Cervical Cancer

A type of cancer that occurs in the cells of the cervix, which is the lower part of the uterus that connects to the vagina.

Advanced Ovarian Cancer

Ovarian cancer that has spread beyond the ovaries and pelvis at the time of diagnosis.

Abdominal Distention

The outward expansion of the abdomen, often due to gas, fluid accumulation, or enlargement of organs, causing discomfort.

Endometriosis

A painful disorder in which tissue similar to the lining inside the uterus grows outside of it.