Which of the Following Is Considered to Be an Implicit

question 188

Multiple Choice

Which of the following is considered to be an implicit memory?

• A) procedural memory
• B) semantic memory
• C) episodic memory
• D) declarative memory

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Definitions:

Adjusting Entries

These are journal entries made in the accounts to adjust revenues and expenses to the period in which they actually occurred, ensuring that financial statements reflect accurate figures.

Estimated Items

Financial statement items that require a degree of estimation by management to determine the appropriate values to record.

Prepaid Assets

Expenses paid in advance which are recorded as assets because they provide future economic benefits to the company.

Trial Balance

A bookkeeping report that lists the balances in each of an organization's general ledger accounts at a specific time.