A Company's First Event in the Year Commencing 1 July

question 37

Multiple Choice

A company's first event in the year commencing 1 July 2016 was to pay $250 cash for stationery purchased in June 2016;this was recognised as an expense in that month.Which of the following changes took place as a consequence of this event?

• A) Assets increased by $250.
• B) Liabilities decreased by $250.
• C) Expenses increased by $250.
• D) None of the above changes occurred.

---

Definitions:

Conditioned Stimulus

A neutral stimulus that, after pairing with an unconditioned stimulus, ultimately results in a conditioned response.

Biological Constraints

Limitations on learning and behavior that are rooted in biological factors or innate predispositions.

Cognitive Maps

Cognitive maps that allow people to navigate and comprehend their surrounding space.

Classical Conditioning

A training routine where two stimuli are continuously associated; the reaction, at outset evoked by the second stimulus, ultimately becomes evoked by the first stimulus solely.