Which of the Following Categories of Accounts Are Temporary Accounts

question 115

Multiple Choice

Which of the following categories of accounts 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:

Informal Groups

Natural social formations that arise within the workplace or other organizations without formal structure, based on common interests, friendships, or shared objectives.

Friendship

Friendship is a deeply interpersonal relationship marked by mutual affection, trust, support, and respect.

Task Purposes

The objectives or goals that a specific task or activity is intended to achieve.

Bill Gore

The founder of W.L. Gore & Associates, a company known for its innovative corporate culture and the development of Gore-Tex materials.