Which Financial Statement for a Business Would You Look at to Determine

question 88

Multiple Choice

Which financial statement for a business would you look at to determine the company's earnings performance during an accounting period?

• A) balance sheet.
• B) income statement.
• C) statement of cash flows.
• D) the Management Assessment.

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Definitions:

Spontaneous Recovery

The reappearance, after a pause, of an extinguished conditioned response in classical conditioning.

Extinction

In behavioral psychology, the process by which a conditioned response decreases in frequency and eventually disappears when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired: a response which is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

CS

Short for Conditioned Stimulus, it is a previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.