It Is Correct That Each Balance Day Adjustment

question 24

Multiple Choice

It is correct that each balance day adjustment

• A)Affect either the income statement or the balance sheet
• B)Has one effect on the income statement and one effect on the balance sheet
• C)Only affect the income statement
• D)Always have an effect on the bank account

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Definitions:

Unconditioned Response

A spontaneous and inherent response to a stimulus that happens without previous learning or conditioning.

Spontaneous Recovery

The reappearance, after a pause, of an extinguished conditioned response in classical conditioning.

Extinction

In behavioral psychology, the process by which a conditioned response decreases in frequency and eventually disappears when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired: a response which is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.