Which of the Following Accounts Will Be Closed to Income

question 23

Multiple Choice

Which of the following accounts will be closed to Income Summary?

• A) Prepaid Expenses.
• B) Unearned Revenue.
• C) Dividends.
• D) None of the above.

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Definitions:

President's Council

An advisory group that offers recommendations and guidance to a country's president on specific issues or policies.

Physical Fitness

Physical fitness involves maintaining a level of health and physical readiness that allows an individual to perform tasks, engage in physical activities, and reduce the risk of health problems.

TV Watching

The act of viewing content on a television set, which can include shows, movies, news, and other forms of entertainment or information.

Continuous Activity

Ongoing and unbroken action or performance, often referring to continuous physical or cognitive tasks.