Adjusting Entries

question 68

Multiple Choice

Adjusting entries

• A)Affect only income statement accounts.
• B)Affect both income statement and balance sheet accounts.
• C)Affect only balance sheet accounts.
• D)Affect only statement of cash flows accounts.
• E)Affect only equity accounts.

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Definitions:

Affiliation

The need or desire to form connections with others, often driven by a sense of belonging or social identity.

Valence

In psychology, the intrinsic attractiveness or averseness of an event, object, or situation.

Frustration-Regression Principle

A concept from the field of psychology suggesting that when an individual's progress toward a goal is blocked, they may regress to previously held behaviors.

Hygiene Factor

A concept in Herzberg's motivation theory, referring to factors that can cause dissatisfaction if missing but do not necessarily motivate if increased or improved.