A Net Force Is Exerted on an Object Toward the North.The

question 62

Multiple Choice

A net force is exerted on an object toward the north.The object

• A)is moving toward the north.
• B)is moving toward the east.
• C)is moving toward the west.
• D)is moving toward the south.
• E)may be moving in any direction.

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Definitions:

Closing Entries

Made at the end of the accounting period to transfer balances in temporary (income statement) accounts to Retained Earnings and to establish a zero balance in each of the temporary accounts for beginning the next accounting period.

Account Balances

The total amount of money in an account at a certain point in time, which can represent assets or liabilities depending on the account type.

Temporary Accounts

Accounts that are cleared out at the end of each accounting period, including revenues, expenses, and dividends accounts.

Permanent Accounts

Balance sheet accounts that carry their ending balances into the next accounting period, including assets, liabilities, and equity accounts.