Which of the Following Best Exemplifies the Concept of Perceptual

question 61

Multiple Choice

Which of the following best exemplifies the concept of perceptual constancy?

• A)An open window looks less like a window than a closed window.
• B)An airplane flying off into the distance appears to get smaller.
• C)As a child throws a ball high into the sky,it looks like it is getting bigger when it comes back down.
• D)As a shadow passes over your newspaper,you know that the page is not getting darker.

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Definitions:

Inventory Accounting Methods

Different approaches, such as FIFO (First In, First Out), LIFO (Last In, First Out), and weighted average cost, used to value and manage inventory.

Adjusting Entry

An adjusting entry is a journal entry made in accounting records to adjust income and expense accounts so they comply with the accrual concept.

Interest-Bearing Note

A debt instrument in which the issuer pays the holder interest at a specified rate over the term of the note.