A Reversing Entry Could Be Used If

question 85

Multiple Choice

A reversing entry could be used if

• A) there is an adjusting entry.
• B) the adjusting entry increases an asset or liability account.
• C) the adjusting entry account did not have a previous balance.
• D) all of these were true.
• E) none of these were true.

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Definitions:

Empirical Research

A method of acquiring knowledge based on observation or experimentation, as opposed to theory or logic.

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An Austrian-British psychoanalyst who pioneered the theory and technique of psychoanalytic child therapy and introduced the concept of the paranoid-schizoid and depressive positions.

Neo-Freudian Psychologist

A psychologist who builds upon Freud's theories, emphasizing social environment and conscious thought.

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