As a Beginning Driver,Wafaa Had to Think Consciously About the Process

question 106

Multiple Choice

As a beginning driver,Wafaa had to think consciously about the process as she negotiated traffic; now,however,driving has become second nature for her.Whereas driving initially demanded ___ processing,it now reflects ___ processing.

• A) implicit; explicit
• B) automatic; controlled
• C) controlled; automatic
• D) explicit; implicit

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Definitions:

Normal Balance

The side of an account (either debit or credit) expected to have a higher balance based on standard accounting practices.

Financial Statement

A structured report on the fiscal operations and condition of an organization, individual, or any other body.

Permanent/Temporary

Describes accounts that are either not closed at the end of the accounting period (permanent) or are closed and reset (temporary).

Normal Balance

The side (debit or credit) of an account that is increased. For assets and expenses, it is the debit side; for liabilities, equity, and revenues, it is the credit side.