Which of the Following Is/are Not True

question 148

Multiple Choice

Which of the following is/are not true?

• A)Firms accumulate information about revenues and expenses during a reporting period to enable the preparation of the income statement.
• B)Net income for a period increases net assets (assets minus liabilities) and retained earnings.
• C)Net loss for a period reduces net assets (assets minus liabilities) and retained earnings.
• D)Net income for a period increases the amounts in Common Stock and Additional Paid-In Capital, a common practice among publicly traded firms.
• E)none of the above

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Definitions:

Carl Rogers

An influential American psychologist who founded the person-centered approach to therapy, emphasizing empathy, unconditional positive regard, and genuineness in the therapeutic relationship.

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Rollo May

Rollo May was an American psychologist and one of the founders of existential psychology, emphasizing the importance of anxiety and the human condition.

Humanistic Theory

Humanistic theory emphasizes individual potential, self-growth, and the importance of meeting psychological needs for love, esteem, and self-actualization.