please answer the following question.

Accounting 101- Accounting cycle, merchandise , Inventory & capital stock chapters.

What do closing entries do?

What are dividends?

Which accounts get closed out at year end?

Most large merchandising companies use which type of inventory system? Periodic or perpetual?

What is the operating cycle of a merchandising company?

What are the characteristics of inventory?

How would it be different from another asset, such as equipment, for example?

What is an advantage of using the FIFO method of accounting?

How is a perpetual system different from a periodic system?

What is the par value of stock? Book value? Market value?

What is the concept of double taxation as it relates to corporate earnings?

What is the name given to shares of stock that have been sold and are in the hands of stockholders?