Answer:
D.) All the temporary accounts
Explanation:
The closing entry process closes or "zeroes out" the temporary accounts and transfer their balances to the retained earnings account.
Theses temporary accounts are closed or reset at the end of every year. Companies also call this as the closing of the books.
Temporary accounts includes:
1. Revenue & Gain Accounts
2. Expenses & Losses Accounts
3. Dividends & Withdrawal Accounts
4. Income Summary accounts (if used)
Answer:
51 % increase
Explanation:
Stock A price= $23.00
Stock A price after 6 months= $47.00
Increase in price of Stock A= $47 - $23
= $24
Percentage increase in stick price = <u>$24</u> x 100%
$47
= 0.510 x 100%
= 51%
The percentage increase in the price of Stock A is 51%
Cheers
Britannica is pretty good and History.com is good for like Social Studies. But as your teacher might have said don't use Wikipedia.