Suppose That a 4-Year-Old Boy Has Just Visited the Zoo

question 59

Multiple Choice

Suppose that a 4-year-old boy has just visited the zoo.He is describing what he saw,first to an adult,and then to his 2-year-old sister.You would expect to find that

• A)he uses the same kind of language for both people.
• B)he inappropriately uses more complicated language for his sister than for the adult.
• C)he uses more complicated language for the adult than for his sister.
• D)he would use more complicated language for the adult only if he is gifted in language skills.

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Definitions:

Closing Entry

A journal entry made at the end of an accounting period to transfer temporary accounts to permanent accounts and prepare the books for the next period.

Real Account

Another term for permanent account in accounting, referring to accounts that are not closed at the end of the accounting period and carry their ending balance into the next period.

Nominal Account

A nominal account is a temporary financial account that shows the incomes, gains, expenses, or losses over an accounting period, and is reset to zero at the beginning of each new period.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in net income or loss.