Answer:
Selective retention.
Explanation:
Selective retention occurs when a person more easily remembers things that are closer to their beliefs, values, and Interests than things that are not.
Luis does not want to do his shopping at big box stores but prefers to shop locally. So when he reads about one of the big box stores (which is not his preference) is doing a big sale next week, he does not remember it because it is not consistent with what he wants. This is an example of selective retention.
<span>If Ming is earning an annual salary of $42,000 after receiving a 5% raise from last year's salary, her previous salary would equal $39,900. Five percent of $42,000 is $2100; subtracting $2100 from $42,000 equals a $39,900 salary for Ming's previous employment year.</span>
Answer:
D) Rent Expense
Explanation:
As per the principles of accounting we follow the accrual principal, where the expense for a period when accrued is accounted for, even if not paid a liability is created. Here, there is payment of rent for the current month in cash, there is nothing due, it is actually paid, since it is paid only for the current month there is nothing paid in advance that shall be debited to prepaid rent. Therefore, the provided rent paid for the current month will be considered as expense for the period and charged as rent expense.
Thus, correct option is
D) Rent Expense
