Closing Entries

question 155

Multiple Choice

Closing entries

• A) need not be journalized if adjusting entries are prepared
• B) need not be posted if the financial statements are prepared from the work sheet
• C) are not needed if adjusting entries are prepared
• D) must be journalized and posted

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus that has become conditioned through association.

Primary Reinforcer

A naturally occurring stimulus like food or drink that is needed for survival and that intrinsically motivates or satisfies physiological needs.

Positive Reinforcer

A positive reinforcer is any stimulus that, when presented after a behavior, increases the likelihood of that behavior being repeated.

Secondary Reinforcer

Any reinforcer that becomes reinforcing after being paired with a primary reinforcer, such as praise, tokens, or gold stars.