An Item Is Easier to Remember ________

question 55

Multiple Choice

An item is easier to remember ________.

• A) if it is part of our episodic memory
• B) the fewer links or associations it has in long-term memory
• C) if it is stored in short-term memory
• D) the more links or associations it has in long-term memory

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Definitions:

Consolidated Financial Statements

Financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries as those of a single economic entity.

Entity Concept

An accounting principle that treats a business as a separate entity from its owners for financial reporting purposes.

NCI

Non-Controlling Interest, which refers to the ownership in a subsidiary not held by the parent company, represented in the equity section of the consolidated financial statements.

Liability

A financial obligation or debt owed by an individual or entity to another party that has to be paid back in the future.