Match the Terms with the Definitions

question 24

Multiple Choice

Match the terms with the definitions.
-A form used to pull together all of the information needed to enter adjusting entries and prepare the financial statements.

• A)Adjusted Trial Balance columns
• B)Adjusting entries
• C)Balance Sheet columns
• D)book value
• E)contra-asset
• F)depreciable cost
• G)depreciation
• H)fiscal year
• I)historical cost principle
• J)Income Statement columns
• K)market value
• L)matching principle
• M)plant assets
• N)salvage value
• O)straight-line method
• P)undepreciated cost
• Q)useful life
• R)work sheet

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Definitions:

Durkheim

Refers to Émile Durkheim, a French sociologist, who is a founding figure in the field of sociology and is best known for his theory on social facts and his studies on the division of labor, suicide, and religion.

Tolerance

The willingness to accept feelings, habits, or beliefs that are different from one's own; openness to diversity.

Labeling Theory

Holds that deviance results not so much from the actions of the deviant as from the response of others, who label the rule breaker a deviant.

Deviance Results

Outcomes or consequences that stem from behaviors or actions that violate societal norms.