Regarding Internet Therapy, Which of the Following Statements Is FALSE

question 82

Multiple Choice

Regarding Internet therapy, which of the following statements is FALSE?

• A)Since clients can remain anonymous, a person who might hesitate to see a psychologist can seek help privately, online.
• B)Therapists licensed in one state can legally conduct therapy in other states, including online.
• C)Internet therapy is less expensive than traditional office visits.
• D)Psychologists have demonstrated success providing therapy over the Internet, at least for certain types of problems.

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Definitions:

Income Summary

An account used during the closing process to summarize the year's revenues and expenses before determining and transferring the period's net income or loss to owner's equity.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.

Adjusting Entries

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

Income Summary

Income summary is an account where revenues and expenses are accumulated to calculate net income or loss for a specific period before transferring to the capital account.