Which of the Following Accounts Is Not Closed

question 178

Multiple Choice

Which of the following accounts is not closed?

• A)Income Summary
• B)Withdrawals
• C)Owner's Capital
• D)Interest Income

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Definitions:

Postcrisis Review

The evaluation process conducted after a crisis to assess an organization's response, learn lessons, and improve future crisis management plans.

Crisis Plan

A predefined strategy or set of guidelines devised to help an organization respond effectively to an emergency or sudden adverse event.

Effectiveness

The degree to which objectives are achieved and the extent to which targeted problems are solved.

PR Disaster

A situation caused by negative public relations events that significantly harm an organization's or individual's reputation and public image.