What Is the Best Method for Studying

question 49

Multiple Choice

What is the best method for studying?

• A) Repeat the material over and over aloud.
• B) Rewrite your notes so they are nice and neat.
• C) Find words that rhyme with key vocabulary words so you remember them.
• D) Create a mental image of the material.

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Definitions:

Prepaid

Expenses that are paid for in advance of receiving the benefit, often recorded as assets until the expense is incurred.

Equipment Rent

The cost incurred by a company for using equipment owned by another entity for a specified period.

Service Contract

An agreement between a customer and a service provider detailing the terms of service delivery, including scope, quality, and responsibilities.

Adjusting Journal Entry

A financial transaction recorded at the closure of an accounting cycle to properly assign earnings and expenses to the corresponding period.