After Adjustments Are Completed, the Next Step Is to Prepare

question 33

Multiple Choice

After adjustments are completed, the next step is to prepare:

• A)the balance sheet.
• B)the profit and loss statement.
• C)the trial balance.
• D)the adjusted trial balance.

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Definitions:

Token Economy

A behavior modification system that utilizes tokens as rewards for desirable behaviors, which can later be exchanged for privileges or items.

Negative Reinforcement

Negative Reinforcement is a concept in behaviorism where the removal of an adverse stimulus following a desired behavior increases the likelihood of the behavior being repeated.

Systematic Desensitization

A therapeutic technique used to reduce phobias and anxiety through gradual exposure to the feared object or situation paired with relaxation exercises.

Eye-Movement Desensitization Reprocessing (EMDR)

A psychotherapy treatment designed to alleviate the distress associated with traumatic memories, involving attention to external stimuli while recalling traumatic events.