Which of the Following Accounts Are Closed at the End

question 65

Multiple Choice

Which of the following accounts are closed at the end of the accounting period?

• A)Allowance for uncollectibles.
• B)Unearned revenue.
• C)Retained earnings.
• D)Income tax expense.

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Definitions:

Limestone

A sedimentary rock primarily composed of calcium carbonate, often formed from the skeletal fragments of marine organisms.

Karst Topography

A terrain shaped by the dissolution of soluble rocks like limestone, featuring sinkholes, caves, and subterranean rivers.

Travertine

A form of limestone deposited by mineral springs, especially hot springs, known for its layered, textured appearance.

Limestone

A sedimentary rock composed mainly of calcium carbonate, typically formed under marine conditions.