When Net Income Is Low Relative to Operating Cash Flows,we

question 54

Multiple Choice

When net income is low relative to operating cash flows,we describe the firm as having recorded:

• A) income-decreasing accruals.
• B) income-increasing accruals.
• C) income neutral accruals.
• D) abnormal accruals.

Appreciate the importance of technology and communication skills in the paralegal profession.

Understand the role of professional organizations in paralegal education and certification.

Distinguish between substantive and procedural law in the context of paralegal work.

Know the factors influencing the tasks and responsibilities of paralegals.

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Definitions:

Automatic Processing

A type of cognitive processing that occurs automatically, without conscious thought, often as a result of learning and practice.

Explicit Memories

Memories which can be intentionally remembered, including information and happenings.

Implicit Memories

Memories that are not consciously recalled but influence behaviors and skills, such as riding a bicycle or tying shoelaces.

Rehearsal

The cognitive process of repetitively thinking about or practicing an information to aid in its retention and retrieval.