Anatomy Means

question 77

Multiple Choice

Anatomy means

• A)to work out.
• B)to discover the unknown.
• C)to cut up.
• D)to draw pictures.
• E)to solve problems.

Identify and classify different types of accounts that require adjustments, such as prepaid expenses, unearned revenues, accrued revenues, and accrued expenses.

Demonstrate the ability to prepare journal entries for common types of adjusting entries, including prepayments, accruals, and depreciation.

Analyze the effects of adjusting entries on the balance sheet and income statement.

Distinguish between the different effects that omitting adjustments can have on financial statements.

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Definitions:

Punishment

The imposition of a penalty as a response to an undesired behavior, intended to discourage future occurrences of such behavior.

Negative Consequences

Results of a behavior that a person finds unattractive or aversive.

360-degree Feedbacks

A performance appraisal method that collects feedback from all directions: supervisors, peers, subordinates, and sometimes external sources like customers.

Reinforcements

In behavioral psychology, stimuli which, when presented after a behavior, increase the likelihood of that behavior being repeated.