Which of the Following Best Explains Why It Is a Good

question 23

Multiple Choice

Which of the following best explains why it is a good idea for a person to cool down before sending off an angry message?

• A)Emotions are permanent. People never change their view of a situation after their emotion fades.
• B)Emotions are long-lived. People often change their view of a situation after their emotion changes.
• C)Emotions are short-lived. People often change their view of a situation after their emotion has time to cool.
• D)Emotions are short-lived. People often retain their view of a situation even after their emotion changes.

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Definitions:

Accrual

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash transaction happens.

Incremental Borrowing Rate

The interest rate a company would have to pay if it borrows funds, a critical component in lease accounting.

Balance Sheet

A financial statement that provides a snapshot of a company’s financial position at a specific point in time, showing assets, liabilities, and shareholder equity.