A Psychological Perspective That Emerged in the 1950s and 1960s

question 134

Multiple Choice

A psychological perspective that emerged in the 1950s and 1960s which reflects a renewed interest in the study of the physiological bases of behavior that existed in psychology when it first became a science in the late 1800s is the

• A) cognitive perspective.
• B) mental perspective.
• C) philosophical perspective.
• D) biological perspective.

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Definitions:

Allowance for Doubtful Accounts

A contra-account that reduces the total receivables on the balance sheet by an amount expected to be uncollectible.

Income Statement Approach

A method for determining certain balances that should appear on the income statement by considering revenues and expenses, rather than focusing directly on cash flow.

Uncollectible Accounts

Accounts receivable that a business cannot collect, often recognized as an expense as bad debt or written off.

Aging

A method used in accounting to categorize accounts receivable based on the length of time an invoice has been outstanding.