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On His Way to Work,Charlie Sees a Sign for an Upcoming

question 38

Multiple Choice

On his way to work,Charlie sees a sign for an upcoming concert for the band Cake.Without even realizing it,the word cake has made Charlie think of baked sweets,which makes him think of getting a donut.This is an example of ______________.


Definitions:

Worksheet

A paper or electronic document used to organize and simplify accounting information before the preparation of financial statements.

Owner's Drawings

Withdrawals of business assets by the owner for personal use.

Income Summary

An account in which revenues and expenses are summarized, showing the net income or loss for a specific period before closing entries are made.

Net Income

Net income is the total revenue minus total expenses of a business, showing the company's profit during a specific period.

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