On December 31, 2011, Lavender, Inc

question 54

True/False

On December 31, 2011, Lavender, Inc., an accrual basis C corporation, accrues a $90,000 bonus to Barry, its vice president and a 70% shareholder. Lavender pays the bonus to Barry, who is a cash basis taxpayer, on March 15, 2012. Lavender can deduct the bonus in 2012, the year in which it is included in Barry's gross income.

Define and differentiate between sensation and perception.

Explain the role of photoreceptors in vision.

Understand the psychological principles underlying perceptual illusions.

Describe the anatomy of the auditory and visual systems.

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Definitions:

Occipital Lobes

The regions of the brain located at the back of the head, responsible for processing visual information from the eyes.

Prefrontal Cortex

The part of the frontal lobes of the brain involved in decision making, problem-solving, control of purposeful behaviors, consciousness, and emotions.

Phineas Gage

was a railroad worker whose survival of a severe brain injury helped scientists understand more about the brain and personality.

Temporal Lobe

A region of the cerebral cortex involved in processing auditory information, language, and emotional response.