Which of the Following Statements Is Correct

question 41

Multiple Choice

Which of the following statements is correct?

• A)Expense accounts result in decreases in net income and stockholders' equity and therefore have credit balances.
• B)Revenue accounts result in increases in net income and stockholders' equity and therefore have debit balances.
• C)Loss accounts result in decreases in net income and stockholders' equity and therefore have debit balances.
• D)Gain accounts result in increases in net income and stockholders' equity and therefore have debit balances.

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Definitions:

Classical Conditioning

A conditioning method where a response initially triggered by one stimulus comes to be triggered by another, previously neutral stimulus, after the two stimuli have been presented together multiple times.

Presented Stimulus

Any object or event that is perceived by the senses and can affect behavior.

Colic

A condition seen in infants, characterized by excessive, unexplained crying for more than three hours a day, more than three days a week, for three weeks or longer.

Vocal Quality

The characteristics of a person's voice including tone, pitch, and loudness that distinguish it from others.