For the year ended December 31, a company had revenues of $203,000 and expenses of $121,800. $40,600 in dividends were paid during the year. Which of the following entries could not be a closing entry? a. Debit Retained earnings $40,600; credit Dividends $40,600.
b. Debit Income Summary $81.200; credit Retained earnings $81,200.
c. Debit Income Summary $121,800, credit expenses $121,800.
d. Debit Income Summary $203,000; credit revenues $203,000.
e. Debit revenues $203,000: credit Income Summary $203.000.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

General education? that is the only one i could think of.