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1. From the following list, identify the accounts that should be closed to Income Summary at the end of the fiscal year under a perpetual inventory system:
(a) Accounts Payable,
(b) Advertising Expense,
(c) Cost of Merchandise Sold,
(d) Merchandise Inventory,
(e) Sales,
(f) Sales Discounts,
(g) Sales Returns and Allowances,
(h) Supplies,
(i) Supplies Expense,
(j) Talia Greenly, Drawing,
(k) Wages Payable.
The paper should be a detailed analysis and report of the macroeconomic risks faced by Alcoa. Project report is expected to include substantial analysis of Alcoa's:
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