Which of the Following Could Not Possibly Be a Closing

question 153

Multiple Choice

Which of the following could not possibly be a closing entry?

• A) Debit Income Summary and credit Dividends.
• B) Debit Income Summary and credit Retained Earnings.
• C) Debit Retained Earnings and credit Dividends.
• D) Debit Retained Earnings and credit Income Summary.

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Definitions:

Looking Glass Self

A sociological concept that suggests our self-image is shaped by how others perceive us and the feedback we receive from them.

Judged

The act or process of forming an opinion or evaluation by discerning and comparing.

Make-Believe Game

A type of play involving pretend or imaginative scenarios, often with specific roles assumed by the players.

Objective Side

Refers to the aspects of a situation or problem that are measurable, observable, and independent of individual subjective judgments.