Which of the Following Describes the Correct Sequence of Year-End

question 59

Multiple Choice

Which of the following describes the correct sequence of year-end closing entries?

• A) Close Revenues to Income summary; close Expenses to Income summary; close Income summary to Retained earnings.
• B) Close Expenses to Income summary; close Revenues to Income summary; close Income summary to Retained earnings.
• C) Close Revenues to Income summary; close Income summary to Retained earnings; close Expenses to Retained earnings.
• D) Close Revenues to Retained earnings; close Expenses to Retained earnings; close Income summary to Retained earnings.

Distinguish between different types of goals (e.g., salutary vs. remedial goals).

Appreciate the continuum of goal setting from initial goal formulation to treatment outcome.

Understand the application of motivational strategies within the treatment process.

Grasp the significance of relapse prevention and coping strategies in maintaining change.

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Definitions:

Nuts

In an economic context, refers to commodities or tangible goods that are traded, consumed, and can affect markets, but more generally just a type of food.

Utility Function

A mathematical representation in economics that quantifies an individual's preference for certain goods or outcomes over others.

Nuts

Edible seeds typically encased in a hard shell, commonly consumed as snacks or used in various recipes.

Berries

Small, pulpy, and often edible fruits that are typically juicy, rounded, brightly colored, and have seeds.