When Closing the Accounts at the End of the Period,which

question 82

Multiple Choice

When closing the accounts at the end of the period,which of the following is closed directly into the Retained Earnings account?

• A)Depreciation Expense.
• B)Accumulated Depreciation.
• C)Revenue and liability accounts.
• D)The Income Summary account.

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Definitions:

Disadvantaged Groups

Communities or population segments that face social, economic, or political barriers limiting their access to opportunities and resources.

Medical Services

Professional services provided by healthcare practitioners or organizations aimed at maintaining, improving, or restoring health.

Privatization

The transfer of ownership, property, or business from the government to private individuals or organizations.

Wait Times

The duration of time a person is required to wait before receiving a service, medical attention, or response, often used in the context of healthcare, customer service, or public services.