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Higher-Order Conditioning Occurs When

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Higher-order conditioning occurs when


Definitions:

Equipment

Items of property intended for long-term use in the operation of a business, such as machinery and furniture.

Liability Account

An account representing an obligation or amount owed by a business to others, such as loans, accounts payable, or mortgages.

Revenue Account

An account that tracks the income a company generates from its operations or activities.

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