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Which of the following types of accounts is closed at the end of an accounting cycle?
Toy Cars
Small-scale replicas of automobiles, typically designed for play or collection.
Dinosaur Figures
Toy replicas of dinosaurs, often used for educational or recreational purposes.
Opportunity Cost
The value of the next best alternative that is foregone when making a decision or choosing one option over another.
Airplane
A powered flying vehicle with fixed wings and a weight greater than that of the air it displaces, used for transportation.
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