Which of the Following Accounts Does Not Have a Normal

question 183

Multiple Choice

Which of the following accounts does not have a normal debit balance?

• A) Salaries and Wages Expense
• B) Service Revenue
• C) Accounts Receivable
• D) Cash

Analyze how capital structure affects a firm’s cost of capital.

Comprehend the effect of taxes on cost of capital components.

Understand the relevance of target and existing capital structure in raising capital.

Learn the significance of economic value added (EVA) in financial decision making.

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Definitions:

Contrast Law

A principle in psychology that states the perceived intensity of a stimulus can change relative to the intensity of a preceding or surrounding stimulus.

Mowrer's Two-Factor Theory

A theory proposing that avoidance learning involves both classical conditioning of fear and operant conditioning of the avoidance response.

Avoidance Conditioning

A learning process in operant conditioning wherein an individual learns a behavior to avoid an undesired stimulus or outcome.

Aversive Event

An unfavorable or unpleasant event or stimulus that an organism seeks to avoid or escape.