When Closing the Accounts at the End of the Period,which

question 82

Multiple Choice

When closing the accounts at the end of the period,which of the following is closed directly into the Retained Earnings account?

• A)Depreciation Expense.
• B)Accumulated Depreciation.
• C)Revenue and liability accounts.
• D)The Income Summary account.

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Definitions:

Global Brand

A brand that is recognized and has a consistent image and product availability across the world markets.

International Brand

A brand that is marketed and recognized across several countries, often requiring adaptability to different cultures and markets.

Exported Brand

A brand that is marketed and sold outside of the country where it is produced.

Brand Conscious

A consumer behavior characterized by a preference for, and awareness of, branded products over generic or unbranded alternatives.