Which statement is true regarding the closing process? Multiple choice question. All expense and loss accounts, as well as dividends, are credited for amounts equal to their year-end debit balances. All revenue and expense accounts, as well as dividends, are credited for amounts equal to their year-end debit balances. All revenue and gain accounts, as well as dividends, are debited for amounts equal to their year-end credit balances. All expense and loss accounts, as well as assets, are credited for amounts equal to their year-end debit balances