Tanya Remembers That Her Favorite Celebrity Is Going to Have

question 121

Multiple Choice

Tanya remembers that her favorite celebrity is going to have twins, but she can't recall where she heard this bit of gossip. This is an example of:

• A) proactive interference.
• B) retroactive interference.
• C) source amnesia.
• D) false memory.

---

Definitions:

Closing Entries

Entries recorded at the conclusion of an accounting cycle to shift balances from temporary to permanent accounts.

Temporary Accounts

Accounts used to collect revenues, expenses, and withdrawals for a single accounting period, which are then closed and transferred to permanent accounts at period end.

Capital Balance

The portion of the equity section in a company's balance sheet that shows the net worth attributable to the owners or shareholders.

Adjusting Journal Entries

Entries made at the end of an accounting period to update the accounts and ensure accurate financial reporting.