The Revenue,expenses,Sales Returns and Allowances,and Sales Discounts Will Be Closed

question 105

Multiple Choice

The revenue,expenses,Sales Returns and Allowances,and Sales Discounts will be closed via the ________ account.

• A)Income Summary
• B)Owner,Capital
• C)Dividend
• D)Stockholders' Equity

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Definitions:

Contextual

Relating to the circumstances surrounding a situation or event which add meaning.

Psychoanalytic

Pertaining to a theory and therapeutic approach that emphasizes the exploration of unconscious desires and conflicts as they manifest in behavior.

Uninvolved

A parenting style characterized by a lack of responsiveness to a child's needs and a general disengagement from their life.

Parents

The guardians responsible for raising and nurturing a child, which can include biological, adoptive, step, or foster parents.