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____ Questions Have the Benefit of a Scale That Permits

question 8

Multiple Choice

____ questions have the benefit of a scale that permits the objective measurement of attitudes and feelings.


Definitions:

Adjusting Entries

Bookkeeping entries recorded at the conclusion of an accounting cycle to apportion earnings and outlays to the appropriate period.

Interim Periods

Monthly or quarterly accounting time periods.

Annually

Occurring once every year.

Income Summary Account

An account used in the closing process to summarize the period's revenues and expenses before transferring the net income or loss to retained earnings.

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