Beliefs Borne of Experiences and Attitudes That Predispose Us to Think

question 85

Multiple Choice

Beliefs borne of experiences and attitudes that predispose us to think in a certain way and of which we are unaware are termed ______.

• A)evaluation apprehension
• B)jury sentiments
• C)implicit biases
• D)selection effects

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Definitions:

Consolidation

The process of combining financial statements of a parent company with its subsidiaries to present as if the group of companies is a single economic entity.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for a long-term asset since its acquisition.

Consolidation Purposes

The process of combining the financial statements of a parent company and its subsidiaries into one comprehensive financial statement package, to present as if the group were a single entity.

Excess Amortizations

The amount by which amortization expense exceeds the amount necessary to amortize the cost of a tangible or intangible asset over its useful life.