Match the Terms with the Definitions

question 12

Multiple Choice

Match the terms with the definitions.

-Consists of the three basic accounting elements: assets = liabilities + owner's equity.

• A) account
• B) accounts payable
• C) accounts receivable
• D) accounting equation
• E) assets
• F) balance sheet
• G) business entity
• H) business entity concept
• I) business transaction
• J) drawing
• K) expenses
• L) income statement
• M) liability
• N) net income
• O) net loss
• P) notes payable
• Q) owner's equity
• R) revenues
• S) statement of owner's equity

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Definitions:

Memories

Information or experiences stored in the brain that can be recalled or accessed at a later time.

Primed

A psychological state where exposure to one stimulus influences the response to another subsequent stimulus, used often in memory and recognition tests.

Encoding Specificity Principle

A principle in psychology that suggests the recall of information is improved when the conditions at the time of encoding (learning) are similar to the conditions at the time of retrieval (remembering).

Scuba Divers

Individuals trained to dive underwater using self-contained underwater breathing apparatus (SCUBA) for various purposes, including exploration, research, and recreation.