Which of the Following Accounts Will NOT Be Involved in Closing

question 90

Multiple Choice

Which of the following accounts will NOT be involved in closing entries?

• A)Prepaid Insurance.
• B)Service Revenue.
• C)Utilities Expense.

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Definitions:

Randolph Bourne

An American intellectual and essayist who critiqued US participation in World War I and is best known for his essay "Trans-National America."

Mexican Immigration

The movement of people from Mexico to other countries, especially the United States, for various reasons including economic, family reunification, and political.

World War I

A global war originating in Europe that lasted from 1914 to 1918, involving many of the world's great powers and marking the downfall of several empires.

Labor Shortages

A situation in which there is a lack of available workers to fill job positions, which can lead to production delays, increased wages, and economic imbalances.