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Peterson and Johnson (1971) also did a digit span task with a simultaneously performed concurrent task.Peterson and Johnson asked participants to repeat simple words over and over (e.g., "the," "the," "the," "the," etc.) while they were also supposed to be rehearsing the digits for the digit span task.They found that:
Final Trial Balances
The summary of all ledger accounts after adjusting entries are made, used to prepare financial statements at the end of an accounting period.
Accounting Cycle
The series of steps in processing financial transactions, from the initial recording to the preparation of financial statements.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated by dividing current assets by current liabilities.
Current Liabilities
Financial commitments that need to be settled within a year or during the regular operation period of a company.
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