The Following Information Was Taken from the Annual Report of Jones

question 14

Short Answer

The following information was taken from the annual report of Jones Inc.
$$\begin{array} { | l | l | c | } \hline & 2017 & \mathbf { 2 0 1 6 } \\\hline \text { BALANCE SHEET } & & \\\hline \text { Deferred incame tax liability } & \$ 29,700 & \$ 28,300 \\\hline & & \\\hline \text { INCOME STATEMENT } & & \\\hline \text { Incame befare taxes } & \$ 89,000 & \\\hline \text { Incame tax expense } & \mathbf { (3 0 , 4 0 0 ) } & \\\hline \text { Net incame } & \$ 57,600 & \\\hline \text { Effective incame tax rate 40\% } & & \\\hline\end{array}$$
Based on this information, what journal entry should Jones make in 2017 to record its income taxes?
A
a.
$\begin{array}{lrr} \text { Income Tax Expense} &30,400\\ \text {Deferred Income Tax } &29,700\\ \text {Deferred Income Tax } &&28,300\\ \text { Income Tax Payable } &&31,800\\\end{array}$

b.
$\begin{array}{lrr} \text { Income Tax Expense} &30,400\\ \text {Deferred Income Tax } &29,700\\ \text { Income Tax Payable } &&700\\\end{array}$

c.
$\begin{array}{lrr} \text { Income Tax Expense} &31,800\\ \text {Deferred Income Tax } &1,400\\ \text { Income Tax Payable } &&30,400\\\end{array}$

d.
$\begin{array}{lrr} \text { Income Tax Expense} &30,400\\ \text {Deferred Income Tax } &1,400\\ \text { Income Tax Payable } &&29,000\\\end{array}$

Recognize the role of operant conditioning in shaping behavior.

Distinguish between classical and operant conditioning.

Identify the phenomena of generalization, discrimination, and extinction within the context of conditioning.

Appreciate the historical significance and experimental foundations of classical and operant conditioning theories.

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Definitions:

Schachter and Singer's Experiment

a landmark psychological study conducted in 1962 focusing on the theory of emotion, particularly how cognitive factors and situational cues influence emotional experience.

Drug Effects

The physiological and psychological consequences resulting from the consumption of pharmaceuticals or substances.

Emotion

A complex psychological state involving physiological arousal, expressive behaviors, and conscious experience, often in response to external or internal events.

Participants Informed

A practice in research where participants are given comprehensive details about the study they are part of, including its purpose and potential risks.