The Closing Process Includes Which of the Following

question 75

Multiple Choice

The closing process includes which of the following?

• A)Closing the balance of the retained earnings account to zero.
• B)Closing the balance of only the dividends account to zero.
• C)Closing the balances of only revenue and expense accounts to zero.
• D)Closing the balances of revenue,expense and dividend accounts to zero.

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Definitions:

Decision-making Competence

The ability to make choices that are informed, logical, and reflective of one's goals and values.

Adolescents

Individuals in the transitional stage of physical and psychological development that occurs between childhood and adulthood, typically ranging from ages 10 to 19.

Menarche

The first occurrence of menstruation in a female, marking the onset of reproductive capability.

Genetic Factors

The hereditary elements and genes passed from parents to their offspring that influence various aspects of physical and mental characteristics.