JOros Showed a Net Loss of $3,200

question 70

Multiple Choice

J.Oros showed a net loss of $3,200.The entry to close the Income Summary account would include a:

• A)debit to Oros,Capital,$3,200.
• B)debit to Income Summary ,$3,200.
• C)credit to Oros,Capital,$3,200.
• D)credit to Cash,$3,200.

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Definitions:

Functionalism

A theory in sociology and psychology which emphasizes the importance of understanding the purpose or function of behavior, institutions, and processes in society and the mind.

Verifiability Of Observation

The principle that empirical observations must be capable of being checked or validated by other observers.

Behaviourism

Behaviourism is a theory of learning based on the idea that all behaviors are acquired through conditioning, emphasizing observable behaviors over internal states.

Freud's Theory

A set of psychoanalytic principles created by Sigmund Freud that emphasize the role of unconscious processes in shaping thoughts, feelings, and behaviors.