Which of the Following Accounts Would Not Be Involved in Closing

question 11

Multiple Choice

Which of the following accounts would not be involved in closing entries?

• A) Advertising Expense
• B) J. Ryan, Drawing
• C) Salaries Payable
• D) Income from Services
• E) Rent Expense

---

Definitions:

Minority Shareholder

An investor who owns less than 50% of a company's shares and therefore does not control decision-making processes.

Dissent Procedure

A legal process that allows a corporation's minority shareholders to object to certain corporate actions they disagree with.

Corporate Structure

The organization of different departments or units within a company, defining roles, responsibilities, and authority levels.

Market Value

The estimated amount for which an asset or service would trade in the marketplace at a given time.