ABT Corporation Uses Block Coding for Its Chart of Accounts

question 58

Multiple Choice

ABT Corporation uses block coding for its chart of accounts, which includes Cash (101) , Land (201) , Accounts payable (301) and Retained Earnings (501) .Which of the following account numbers is most likely associated with an account that will appear on the income statement?

• A)101
• B)102
• C)401
• D)601

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Definitions:

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A particular environmental event or condition that elicits a response from an organism.

Successive Approximation

A process in behaviorism where behaviors are broken down into smaller steps and reinforced until the desired behavior is achieved.

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Therapeutic Techniques

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