Match the Following Terms with the Appropriate Definition

question 5

Multiple Choice

Match the following terms with the appropriate definition.
-Assumes that an organization's activities can be divided into specific time periods such as months,quarters,or years.

• A)Accrued revenues
• B)Expense recognition (matching) principle
• C)Cash basis accounting
• D)Depreciation
• E)Accrual basis accounting
• F)Interim financial statements
• G)Straight-line depreciation
• H)Time period assumption
• I)Fiscal year

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Definitions:

Encoding Specificity

The theory that memory is enhanced when information available at encoding is also available at retrieval.

Interference Theory

The view that we may forget stored material because other learning interferes with it.

Serial-position Effect

A cognitive phenomenon where people tend to remember the first and last items in a series best, and the middle items worst.

Retrospective Memory

Memory for past events, activities, and learning experiences, as shown by explicit (episodic and semantic) and implicit memories.