Exhibit 8-3: Choose the Contribution That Each of the Following

question 94

Multiple Choice

Exhibit 8-3: Choose the contribution that each of the following men have made to methods of measurement.
-Refer to Exhibit 8-3.R.Likert

• A) devised an attitude scale based on extent of agreement or disagreement with statement.
• B) developed a measure of adult intelligence.
• C) developed the first intelligence scale for children.
• D) studied the honesty of children through observation.

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Definitions:

Write Off

The accounting action of declaring that an asset is no longer useful and recording its depreciation in the financial statements.

Expense Recognition Principle

An accounting principle that matches expenses with the revenues they helped to generate, recognizing expenses in the same period as the revenues.

Direct Write-off Method

An accounting method where uncollectible accounts receivable are directly removed from the accounts when deemed irrecoverable.

Materiality Constraint

An accounting principle that allows the omission or misstatement of figures that are not significant enough to influence the decision-making process of users of financial statements.