To Prevent Criticism from Becoming a Major Argument, You Should

question 52

Multiple Choice

To prevent criticism from becoming a major argument, you should

• A)walk away and cool off.
• B)acknowledge the criticism and validate your partner's feelings.
• C)reject the criticism.
• D)be sure your partner understands it's "our problem" and not "my problem."

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Definitions:

Collected

The process of receiving or bringing in payments or money owed to an individual or business.

Interest Payable

This is the amount of interest expense that has accrued but not yet been paid by the company.

Note Payable

A written agreement where one party promises to pay another party a certain amount of money at a future date or on demand.

Adjusting Entry

An accounting journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate years.