Annie Needs to Take Her Cat to the Vet but She

question 113

Multiple Choice

Annie needs to take her cat to the vet but she does not have a carrier.She remembers that once she took her guinea pig to the vet in a pot.But she knows the cat will not fit in a pot,so she cannot use this strategy.Annie is having a hard time solving the problem because of

• A) poor insight.
• B) a mental set.
• C) subgoals.
• D) framing.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, preparing the books for the next period.

End-Of-Period Spreadsheet

A financial report used to compile and summarize the accounting information at the end of an accounting period, including balances for assets, liabilities, and equity.

Income Statement Columns

Divisions in the income statement document that categorize and display revenues, expenses, and profit or loss data.

Net Income

A company's profit margin post the deduction of all expenses and taxation from the total revenue.