The Closing Process Includes Which of the Following

question 81

Multiple Choice

The closing process includes which of the following?

• A)Closing the balance of the retained earnings account to zero.
• B)Closing the balance of only the dividends account to zero.
• C)Closing the balances of only revenue and expense accounts to zero.
• D)Closing the balances of revenue,expense and dividend accounts to zero.

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Definitions:

Operant Conditioning

An educational method where behavior intensity is adjusted by using rewards or penalties.

Longitudinal Studies

Research methods that involve observing the same subjects over a period of time, often years or decades.

Biased Sample

A subset of a population selected in a manner where some members of the intended population are less likely to be included than others, potentially leading to skewed outcomes.

Longitudinal Design

A research method in which data is gathered for the same subjects repeatedly over a period of time to observe changes and development.