The Accounting Changes Identified by Current GAAP Include All of the Following

question 82

Multiple Choice

The accounting changes identified by current GAAP include all of the following except

• A)correction of an error
• B)change in accounting principle
• C)change in accounting estimate
• D)change in reporting entity

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Definitions:

Rewards

Benefits or compensation provided to individuals in recognition of their achievement, performance, or service, often used as a motivator in various contexts.

Desirable Consequence

An outcome or result that is favorable or wanted, often used a motivator or goal.

Negative Reinforcement

A behavioral concept where the removal of an unfavorable outcome or stimulus strengthens the likelihood of a particular behavior occurring again.

Reinforcement Strategy

A method used to strengthen desired behavior by rewarding positive outcomes or penalizing negative ones to encourage a specific behavior.