Telephone Expenses for the Year Are $13 200

question 15

Multiple Choice

Telephone expenses for the year are $13 200. This amount is made up of cash payments of $12 500 and accrued telephone expenses of $700. What is the amount of telephone expenses that is closed to the profit and loss summary account?

• A) Nil
• B) $700
• C) $12 500
• D) $13 200

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Definitions:

Motor Cortex

The region of the cerebral cortex involved in the planning, control, and execution of voluntary movements.

Somatosensory Cortex

A region of the cerebral cortex that processes sensory information from the body, such as touch, temperature, and pain.

Lobes

Divisions of the brain defined by natural separation lines, each associated with different functions such as vision, hearing, and thought processing.

Academic Probation

A warning status given to students whose academic performance falls below an institution’s requirement for good standing.