The Financial Reporting Entity Is Composed of

question 49

Multiple Choice

The financial reporting entity is composed of

• A)The primary government.
• B)The primary government and all legally separate governments for which the primary government is financial accountable.
• C)The primary government and all legally separate organizations for which the primary government is financially accountable.
• D)The primary government, all legally separate organizations for which the primary government is financially accountable and any organizations whose omission would cause the primary governments financial statements to be misleading or incomplete.

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Definitions:

Extinction

In behavioral psychology, the gradual decrease and eventual disappearance of a conditioned response when it is no longer reinforced.

Negative Reinforcement

A learning process where the removal of an unpleasant stimulus strengthens a behavior.

Long-Lasting Suppression

The prolonged inhibition or reduction of a response or activity.

Extinction

In behavioral psychology, the process by which a previously learned response diminishes or disappears following discontinuation of reinforcement.