Jane Is an Accountant Operating as a Sole Proprietor

question 10

Multiple Choice

Jane is an accountant operating as a sole proprietor. In January she purchases for $540 some new furniture for her office. The purchase is made on credit. Which of the following represents the effect of this transaction on the accounting equation?

• A) Increase in the asset furniture $540; increase in the liability accounts payable $540.
• B) Increase in the asset furniture $540; decrease in the asset accounts receivable $540.
• C) Increase in the asset furniture $540; increase in equity $540.
• D) Increase in the asset furniture $540; increase in the asset accounts receivable $540.

Recognize ethical considerations and methodologies in the empirical study of aggression.

Define aggression, including intentional harm and its consensus among psychologists.

Distinguish between innate and learned aspects of aggression through the nature-nurture debate.

Learn about social learning theory and the role of observation in the acquisition of aggressive behaviors.

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Definitions:

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Hypothesis

A hypothesis is a proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Variable

An element, feature, or factor that is liable to vary or change.

Scientific Method

is a systematic approach to research and experimentation used to explore observations and answer questions by making hypotheses and testing them.