The Two Different Pathways in the Brain Involved in the Detection

question 13

Multiple Choice

The two different pathways in the brain involved in the detection of danger differ from one another with respect to

• A)their roles in panic disorder versus specific phobia.
• B)the amount of conscious thinking and reasoning.
• C)the detection of reality-based versus unrealistic threats.
• D)their presence in humans versus lower animals.

Understand the basics of adjusting entries and their impact on financial statements.

Identify the types and purposes of adjusting entries in accounting (accrued revenues, accrued expenses, deferred revenues, prepaid expenses).

Recognize the principles of revenue recognition and expense matching as they relate to the preparation of financial statements.

Distinguish between the concepts of cash and accrual basis of accounting.