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.

---

Definitions:

Standard Error

A measure of the statistical accuracy of an estimate, calculated from the standard deviation of a series of estimates.

Population Standard Deviation

A measure of the dispersion or spread of a set of data points in a population.

Standard Error

The standard deviation of the sampling distribution of a statistic, commonly used to measure the accuracy of a sample mean.