The Closing Process Involve(s)

question 50

Multiple Choice

The closing process involve(s) :

• A)reducing to zero the balance in each income statement account.
• B)debiting the revenue accounts.
• C)crediting the expense accounts.
• D)transferring to Retained Earnings the differences between total revenues and total expenses.
• E)all of the above.

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Definitions:

Dizygotic Twin

Twins that are formed from two separate fertilized eggs, also known as fraternal twins, sharing about 50% of their genetic makeup.

Homosexual

A term used to describe an individual who is attracted emotionally, romantically, or sexually to members of the same sex.

Sexual Orientation

A natural and unchangeable, long-lasting attraction towards others, whether emotional, romantic, or sexual.

Sexual Orientation

A person's emotional, romantic, or sexual attraction to individuals of a specific gender, or genders.