While Walking Down a Street,Jonathon Accidentally Bumps into Jessica Who

question 71

Multiple Choice

While walking down a street,Jonathon accidentally bumps into Jessica who is highly aggressive.She starts yelling at him and hits him because she feels that he bumped into her intentionally.This scenario best exemplifies _____.

• A)the imagination inflation effect
• B)a hostile attributional bias
• C)a false negative
• D)the directionality problem

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Definitions:

Income Summary

An account used in the closing process that summarizes revenues and expenses for a period before transferring the balance to retained earnings.

Revenue Account

An account that tracks the income earned by a company from its normal business operations, excluding expenses.

Debit

The left side of an account.

Credit

An accounting entry that increases a liability or equity account, or decreases an asset or expense account, represented on the right side of the ledger.