Franz Mesmer Was the First Person to

question 186

Multiple Choice

Franz Mesmer was the first person to

• A) test for IQ.
• B) use electroconvulsive therapy.
• C) use hypnosis.
• D) require General Psychology students to participate in experiments as part of their course requirements.

---

Definitions:

Inventory Amounts

The price of items that are up for sale at the termination of a bookkeeping period.

Audit

An examination of the financial reports to ensure that they represent what they claim and conform with generally accepted accounting principles.

Contra-Asset

A contra-asset account is an asset account where the balance of the account will either be a zero or a negative figure, which offsets the balance of the related asset account.

Doubtful Accounts

Receivable accounts that may potentially become bad debts as the likelihood of collection is uncertain.