Sherry Easily Remembers the Telephone Reservation Number for Holiday Inn

question 15

Multiple Choice

Sherry easily remembers the telephone reservation number for Holiday Inn by using the mnemonic 1-800-HOLIDAY. She is using a memory aid known as

• A) chunking.
• B) imagination inflation.
• C) the serial position effect.
• D) the peg-word system.

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Definitions:

Unearned Subscription Revenue

Income received for subscriptions that have yet to be fulfilled or delivered to the customer, considered a liability until earned.

Subscription Revenue

Income earned by a company through the sale of subscriptions for services or products, often recognized over the subscription period.

Trade Magazine Subscription

The cost incurred by a business for subscribing to a publication that targets a specific industry or professional field.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was placed in service.