Match the Items Below by Entering the Appropriate Code Letter

question 115

Short Answer

Match the items below by entering the appropriate code letter in the space provided.
A. CPA
B. Budgeting
C. SEC
D. Proprietorship
E. Economic entity assumption
F. Corporation
G. Assets
H. Equities
I. Expenses
J. Transaction
1. Activities of an entity must be kept separate from its owner's activities.
2. Consumed assets or services.
3. Ownership is limited to one person.
4. Offers expert accounting service to the general public.
5. Creditor and ownership claims against the assets of the business.
6. A separate legal entity under state laws.
7. Government agency that can mandate accounting rules.
8. Quantifying goals and objectives.
9. Future economic benefits.
10. Economic events recorded by accountants.
Answers to Matching

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Definitions:

Mary Cover Jones

An early psychologist known for her work in desensitization therapy, helping to lay the foundation for behavior therapy.

Joseph Wolpe

A South African psychiatrist best known for developing systematic desensitization, a method used in behavior therapy to treat phobias and other anxiety disorders.

Virtual Reality Exposure Therapy

A counterconditioning technique that treats anxiety through creative electronic simulations in which people can safely face their greatest fears, such as airplane flying, spiders, or public speaking.

Aversive Conditioning

A type of behavior conditioning where an unpleasant or painful stimulus is used to reduce the likelihood of a behavior reoccurring.