Closing entries are required: a. Only if the company adheres to the accrual method of accounting. b. So that Revenue, expense, and dividends accounts must begin each period with zero balances. c. In order to satisfy the Internal Revenue Service guidelines. d. If management has decided to cease operating the business. e. If a company's bookkeeper does not choose to prepare reversing entries.

The correct answer is letter "B": So that Revenue, expense, and dividends accounts must begin each period with zero balances.

Explanation:

The Closing Entry is a journal entry after the end of the accounting period. It closes all temporary accounts and transfers the details to either a permanent balance sheet or an income statement account. Temporary accounts include revenues, expenses, and dividends and must be closed at the end of the accounting year so they can start in zero in the upcoming period.

the correct answer is:     [c]:     " cyclical unemployment " .