Which of the Following Correctly Describes the Effects of Accruing

question 70

Multiple Choice

Which of the following correctly describes the effects of accruing income tax expense at year-end?

• A)A cash payment is made to pay the taxes due.
• B)Liabilities are not affected.
• C)Retained earnings decreases.
• D)Net income is not affected.

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Definitions:

Homeostasis

The ability of an organism or environment to maintain stability and balance despite changes or outside challenges.

General Adaptation Syndrome

A model describing the body's short-term and long-term reactions to stress, consisting of three stages: alarm, resistance, and exhaustion.

Resistance

The refusal to accept or comply with something; the act of trying to prevent something by action or argument.

Freudenberger

Herbert Freudenberger, a psychologist known for his pioneering work on burnout, a state of physical, emotional, and mental exhaustion caused by long-term involvement in emotionally demanding situations.