Lindel Is Told That His IQ Score Is 100, Which

question 19

Multiple Choice

Lindel is told that his IQ score is 100, which indicates average current intellectual functioning. He responds, "Hmmm . . . average. I bet I can improve my score if I study harder." According to Carol Dweck, Lindel

• A) is mistaken, because levels of intellectual functioning do not change over time.
• B) is subscribing to an incremental theory of cognitive ability.
• C) will likely be motivated to prove his ability by getting high grades and avoiding criticism from others.
• D) likely attributes his successes to task difficulty and his failures to low ability.

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Treasury Stock

An alternative term for treasury shares, referring to stocks that a company has repurchased and holds, reducing the amount of outstanding stock on the market.

Closing Entries

Made at the end of the accounting period to transfer balances in temporary (income statement) accounts to Retained Earnings and to establish a zero balance in each of the temporary accounts for beginning the next accounting period.

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Temporary Accounts

Accounts that are cleared out at the end of each accounting period, including revenues, expenses, and dividends accounts.