Which of the Following Events Does Not Require a Journal

question 74

Multiple Choice

Which of the following events does not require a journal entry?

• A)Purchase of a one-year insurance policy.
• B)Agreement to perform a service at a future date.
• C)Payment for a service performed previously.
• D)All of these choices.

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Definitions:

Discrimination

The unfair treatment of various groups of individuals or objects based on race, age, or gender.

Superordinate Goals

These are overarching objectives shared by conflicting parties that can only be achieved through cooperation, thus helping to resolve or mitigate the conflict.

Bystander Effect

a phenomenon where individuals are less likely to offer help to a victim when other people are present, often due to a diffusion of responsibility.

Social Exchange Theory

A theory that describes how the relationship between individuals is formed by weighing the benefits and costs of interacting with each other.