The Four Basic Principles of Mnemonics Are (1)make Things Meaningful

question 232

Short Answer

The four basic principles of mnemonics are (1)make things meaningful, (2)make information familiar, (3)form bizarre, unusual, or exaggerated mental associations, and (4)use __________.

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Definitions:

Consolidated Financial Statements

Financial statements that present the assets, liabilities, equity, revenue, expenses, and cash flows of a parent company and its subsidiaries as one entity.

Equity Method

A method of accounting that allows a company to record profits and losses based on its share of ownership in another company.

Controlling Influence

The power to govern the financial and operating policies of an entity so as to obtain benefits from its activities, typically seen in parent-subsidiary relationships.

Held-To-Maturity Securities

Debt securities that a firm has the intent and ability to hold until they mature rather than trading them.