There Are Four Closing Entries

question 51

Multiple Choice

There are four closing entries. The first one is to close ____, the second one is to close ____, the third one is to close ____, and the last one is to close ____.

• A) revenues, expenses, income summary, dividends
• B) expenses, assets, income summary, capital stock
• C) retained earnings, dividends, income summary, assets
• D) dividends, income summary, expenses, revenues

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Definitions:

Dermis

The layer of skin beneath the epidermis that contains nerve endings, sweat glands, and blood vessels.

Dilation

The process of expansion or widening in size, often referring to the opening of the cervix during childbirth or the dilation of blood vessels.

Full-Thickness

Describes wounds or burns extending through the entire depth of the skin, potentially affecting underlying tissues as well.

Subcutaneous Tissue

The layer of fat and connective tissue beneath the skin that provides insulation and cushioning to the body.