Which of the Following Accounts Has a Balance Equal to Net

question 23

Multiple Choice

Which of the following accounts has a 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:

Undue Hardship

An action requiring significant difficulty or expense, often used in legal contexts to assess accommodations in employment or education.

Reasonably Accommodate

The obligation of employers to make adjustments or modifications to the workplace for employees with disabilities, as long as it does not cause undue hardship.

Americans Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places that are open to the general public.

Disabilities

Physical or mental impairments that substantially limit one or more major life activities, recognized under laws protecting people with such conditions.