Calculate the Missing Cash at Bank Account Balance from These

question 59

Multiple Choice

Calculate the missing cash at bank account balance from these statement of financial position items.Equity $5,700; accounts receivable $890; accounts payable $450; inventory $360; loan to a business $1,400.

• A) $4,900.
• B) $5,400.
• C) $2,600.
• D) $6,300.

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Definitions:

Proactive Interference

The phenomenon by which previously learned information interferes with the recall of new information.

Source-monitoring Error

A type of memory error where a person misidentifies the source of a memory, such as confusing whether an event was experienced or imagined.

Retrieval Cue

A stimulus that allows or aids the recall of information stored in memory.

Elaboration Encoding

A mnemonic device involving the addition of extra information to aid in the memory of something.