The Journal Entry for Recording an Operating Lease Payment Would

question 120

Multiple Choice

The journal entry for recording an operating lease payment would

• A) be a memo entry only
• B) debit the fixed asset and credit Cash
• C) debit an expense and credit Cash
• D) debit a liability and credit Cash

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Definitions:

Deferred Imitation

The ability to replicate a behavior observed at an earlier time, even in the absence of the immediate presence of the original stimulus.

Symbolic Play

A type of play in which children use objects, actions, or ideas to represent other objects, actions, or ideas, as part of their cognitive development.

Sensorimotor Stage

Piaget’s first stage in cognitive development, in which infants learn through senses and motor activity.

Recognition Memory

The ability to recognize previously encountered events, objects, or people.