Older Adults Are at Increased Risk for Abusing Alcohol If

question 7

Multiple Choice

Older adults are at increased risk for abusing alcohol if they simply continue their alcohol habits from earlier points in their lives. This is because, with age, we

• A) metabolize alcohol more slowly.
• B) drink more to get the same effect.
• C) find that alcohol is easier to obtain.
• D) have more serious interactions between alcohol and other medications.

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Definitions:

Credit Balance

A balance in a financial account that indicates the amount of money owed to a creditor or the account holder; it is the opposite of a debit balance.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances from temporary accounts to permanent accounts, preparing the books for the next period.

Temporary Accounts

Revenue, expense, and drawing accounts that are closed to the owner’s capital account at the end of the accounting period.

Post-Closing Trial Balance

A listing of all accounts and their balances after the closing entries are made, ensuring debits equal credits.