Which of the Following Are Temporary Accounts That Are Closed

question 2

Multiple Choice

Which of the following are temporary accounts that are closed at the end of the year?

• A) assets, liabilities, and dividends
• B) revenues, expenses, and dividends
• C) assets, liabilities, and stockholders' equity
• D) revenues, expenses, and stockholders' equity

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Definitions:

Fight-or-flight Response

An automatic physiological reaction to an event that is perceived as stressful or frightening, preparing the body to either fight or flee from the threat.

Fight-or-flight Response

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival, mobilizing the body for quick action.

Involuntary Reaction

A reflex or response to a stimulus that is automatic and not under the conscious control of an individual.

Autonomic Nervous System

The part of the nervous system that controls involuntary actions, such as the heartbeat and digestion, and regulates basic body processes.