When a Debt Is Forgiven the Accounting Treatment Is To

question 3

Multiple Choice

When a debt is forgiven the accounting treatment is to:

• A) Debit the liability; credit a deferred benefit account.
• B) Credit a gain on release account; debit the liability.
• C) Debit the gain on release account; credit the liability.
• D) Debit a deferred benefit account; credit a debt defeasance account.
• E) None of the given answers.

Understand the basic concepts of psychoanalytic theory, including the id, ego, and superego.

Describe Freud's stages of psychosexual development.

Recognize the defense mechanisms in psychoanalytic theory.

Identify the contributions of Freud, Jung, Adler, and Horney to the development of personality theories.

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Definitions:

Care Perspective

The moral perspective of Carol Gilligan, in which people are assessed in terms of their connectedness with others and the quality of their interpersonal communication, relationships with others, and concern for others.

Kohlberg

A psychologist best known for his theory of stages of moral development, which describes how individuals evolve in their understanding of morality.

Moral Dilemmas

Scenarios or situations that require an individual to choose between actions that are typically considered right or wrong.

Moral Development

The process by which individuals learn to differentiate right from wrong and to develop attitudes and behaviors that are socially acceptable.