Alcoholics Anonymous (AA) Is One Example of ______

question 38

Multiple Choice

Alcoholics Anonymous (AA) is one example of ______.

• A) a 12-step program
• B) cognitive behavioral therapy
• C) motivational interviewing
• D) Antabuse treatment

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Definitions:

Closing Entries

Made at the end of the accounting period to transfer balances in temporary (income statement) accounts to Retained Earnings and to establish a zero balance in each of the temporary accounts for beginning the next accounting period.

Account Balances

The total amount of money in an account at a certain point in time, which can represent assets or liabilities depending on the account type.

Temporary Accounts

Accounts that are cleared out at the end of each accounting period, including revenues, expenses, and dividends accounts.

Permanent Accounts

Balance sheet accounts that carry their ending balances into the next accounting period, including assets, liabilities, and equity accounts.