In 2020, Gigajoule Corporation Used the Equity Method to Account

question 49

Multiple Choice

In 2020, Gigajoule Corporation used the equity method to account for a 25% ownership interest in Megawatt Corporation. If Megawatt Corporation reports $400,000 of income and pays $80,000 of dividends in 2020, the net effect of the entries made by Gigajoule Corporation in 2020 will be to:

• A) reduce the Investment account by $320,000
• B) increase the Investment account by $320,000
• C) increase the Investment account by $80,000
• D) reduce the Investment account by $80,000

Understand the concept of reliability in psychological testing and its significance.

Discuss the development, application, and critiques of intelligence testing.

Understand the concept and role of variables (independent, dependent) in psychological research.

Recognize the procedural steps and key components in the scientific method and research design.

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Definitions:

Dispositional Attribution

The tendency to attribute people’s behaviors to their inner characteristics such as personality, beliefs, or attitudes.

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting beliefs, ideas, or values at the same time.

Cognitive Dissonance

A mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time.

Attribution

Attribution is a concept in psychology that involves explaining the causes of behaviors or events, often relating to the assignment of fault or credit.