An Accountant Has Debited an Asset Account for $2,000 and Credited

question 36

Multiple Choice

An accountant has debited an asset account for $2,000 and credited an expense account for $4,000.Which of the following would be the correct way to complete the recording of the transaction?

• A)Credit an asset account for $4,000.
• B)Credit a liability account for $2,000.
• C)Credit a shareholders' equity account for $2,000.
• D)Debit a shareholders' equity account for $2,000.

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Definitions:

Conditioned Stimulus (CS)

A stimulus that was once neutral but has become linked with an unconditioned stimulus, thereby eliciting a conditioned response over time.

Involuntary Responses

Physical or emotional reactions that occur without conscious choice, often as reflexes or automatic responses.

Classical Conditioning

An instructional process where two stimuli are frequently combined, leading to a response that initially comes from the second stimulus but later comes from the first stimulus alone.

Neutral Stimuli

Stimuli that do not elicit any particular response before conditioning in a learning process.