It Is the Year End,but Not the Pay Period End

question 63

Multiple Choice

It is the year end,but not the pay period end.How will this affect the balance sheet?

• A)Assets will be decreased.
• B)Liabilities will be increased.
• C)Owner's equity will be increased.
• D)This has no effect on the period end balance sheet.

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Definitions:

Childhood Experiences

Events and influences that occur during childhood, significantly shaping an individual's personality, behavior, and life choices.

Operant Conditioning

A method of learning that involves rewards and punishments for behavior, which influences the likelihood of that behavior's occurrence.

Positive Reinforcement

A method in behaviorism used to increase the likelihood of a desired behavior by following it with the addition of a positive stimulus.

Outspoken

Someone characterized by the willingness to express opinions and thoughts openly and without reservation.