Which of the Following Accounts Has an Ending Balance Equal

question 35

Multiple Choice

Which of the following accounts has an ending balance equal to net income immediately before it is closed?

• A) Income Summary
• B) Owner, Withdrawals
• C) Net Income
• D) Owner, Capital

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Definitions:

Canadian Labor Relations

The system of laws, practices, and institutions that govern the relationships between employers, employees, and unions in Canada.

U.S. Labor Relations

The interactions and legal frameworks governing the relationships between workers, unions, and employers within the United States.

France's Labor Movement

The collective organization of workers in France aimed at advocating for workers' rights and improvements in labor standards.

U.S.

The United States of America, a country in North America comprising 50 states, known for its significant influence on global culture, politics, and economy.