In Preparing the First Two Closing Entries, to Which of the Following

question 40

Multiple Choice

In preparing the first two closing entries, to which of the following columns of the work sheet does one refer?

• A) Balance Sheet columns
• B) Adjusted Trial Balance columns
• C) Income Statement columns
• D) Trial Balance columns
• E) Adjustments columns

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Definitions:

Extinction

In the context of psychology, it refers to the gradual diminishing of a conditioned response when the reinforcement or the association with a stimulus is removed.

Operant Conditioning

An educational method where the intensity of an action is altered by either encouraging or penalizing it.

Forgetting

The loss of information from long-term memory, often considered a normal process due to various factors like interference, decay, or retrieval failure.

Classical Conditioning

a learning process that occurs when two stimuli are repeatedly paired; a response that is initially elicited by the second stimulus is eventually elicited by the first stimulus alone.