The Term Reactive Vocabulary Refers to the Words That Are

question 402

True/False

The term reactive vocabulary refers to the words that are understood by the infant or child.

---

Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period of time.

Cash Collected

The total amount of money received by a company during a specific period.

Expense Recognition Principle

An accounting principle that expenses should be recognized and recorded when they are incurred, not necessarily when they are paid.

Expenses Recorded

The process of documenting and recognizing incurred expenses in the financial records during a specific accounting period.