Choose a Behavior-Such as Internet Use,exercise,work,or Shopping-That Can Become Addictive

question 86

Essay

Choose a behavior-such as Internet use,exercise,work,or shopping-that can become addictive if taken to the extreme.Explain why that behavior might become addicting,evaluate your potential risk for becoming addicted to it,and explain what you can do to lower your risk.

Identify account types and their normal balances.

Calculate financial ratios and understand their implications.

Record transactions in journals and post them to the general ledger.

Understand the steps involved in recording transactions in the accounting process.

---

Definitions:

Stock Dividends

Stock dividends are dividends paid to shareholders in the form of additional shares in the company, rather than in cash.

Cash Flow

The net amount of cash and cash equivalents being transferred into and out of a business, indicating its liquidity and operational efficiency.

Extraordinary Items

Refers to rare and infrequent transactions that are outside the normal course of business, often excluded from regular income statement categories to provide a clearer view of ongoing operational performance.