Mark and Leslie Both Witnessed a Car Crash, but Their

question 42

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Mark and Leslie both witnessed a car crash, but their stories do not match. Mark is 10 years old, was in close physical proximity to the accident, and is very confident in his description of the accident. Leslie is 45, was talking on her phone when the accident happened, and is less sure of herself when answering questions. Leslie also mentions that she has seen several car accidents at this intersection and that it is very dangerous. Based on the evidence presented in the chapter, who should be trusted? Include the pros and cons of trusting each witness.

Apply the net method for recording purchases in a periodic inventory system.

Apply the gross method for recording purchases in a periodic inventory system.

Understand the implications of terms such as 2/10, n/30 on transactions.

Describe the process of preparing and canceling vouchers in accounting transactions.

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Definitions:

Limbic System

A complex system of nerves and networks in the brain, involved with instinct and mood. It controls basic emotions and drives.

Hippocampus

A neural center that is located in the limbic system; helps process explicit memories for storage.

Cerebellum

The “little brain” at the rear of the brainstem; functions include some nonverbal learning, processing sensory input, and coordinating movement output and balance.

Cerebellum

A region of the brain that plays an important role in motor control. It also contributes to coordination, precision, and accurate timing.