Maxim Company Sells Auto Parts

question 42

Multiple Choice

Maxim Company sells auto parts.The company employs a periodic inventory system.Identify all the effects on the accounting equation.
-Granted a customer a credit on its balance due for goods that were returned.

• A)Increase in assets
• B)Decrease in assets
• C)Increase in liabilities
• D)Decrease in liabilities
• E)Increase on owners' equity
• F)Decrease in owners' equity
• G)Increase in assets and increase in owners' equity
• H)Decrease in assets and decrease in owners' equity
• I)Increase in liabilities and decrease in owners' equity
• J)Decrease in liabilities and increase in owners' equity

Differentiate between medical conditions and psychological disorders when diagnosing symptoms.

Comprehend the role of gender in the prevalence rates of somatic symptom disorders.

Understand the basic concepts and differences between psychodynamic and cognitive-behavioral views on somatic symptom disorders.

Recognize the role of primary and secondary gains in the development and maintenance of somatic symptoms.

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Definitions:

Race

A social construct used to categorize humans into large and distinct populations or groups by heritable physical characteristics, geographical ancestry, culture, history, and language.

Gender

Pertains to the social, cultural, and personal traits and roles associated with being male or female, going beyond the biological differences.

Age Bias

Prejudice or discrimination against individuals based solely on their age, typically against older or younger people in the workplace or society.

Primacy Effect

The tendency to remember information that is presented first better than information that is presented later.