A Relatively Durable Change in Behavior or Knowledge That Is

question 237

Multiple Choice

A relatively durable change in behavior or knowledge that is due to experience is defined as

• A)mediation.
• B)maturation.
• C)learning.
• D)conditioning.

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Definitions:

Deferral

In accounting, the postponement of recognition of an expense or revenue that has been incurred or earned to a later accounting period.

Interest Payable

This is the amount of interest expense that has been incurred by a company but not yet paid to creditors.

Interest Revenue

Income earned by a company through lending money or investing in debt securities.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate revenues and expenses to the period in which they actually occurred.