QUESTION 7 Which accounts would not be closed at the end of the accounting period: O Service revenue Utilities expense Accounts receivable Dividends QUESTION 8 An advantage of the corporate form of business is that O it is simple to establish. O it has limited life. individuals can become stockholders by investing relatively small amounts so large amounts of capital can be raised. O amounts distributed as dividends to shareholders are subject to double taxation. QUESTION 9 An annual report would contain all of the following except: Employee satisfaction survey. Notes to the financial statements. Management discussion and analysis section. Auditor's report