Under the Perpetual Inventory Method, When Inventory Is Purchased, Merchandise

question 47

Multiple Choice

Under the perpetual inventory method, when inventory is purchased, Merchandise Inventory

• A) is debited and Cash or Accounts Payable is credited.
• B) is credited and Cash or Accounts Payable is debited.
• C) and Accounts Payable are credited and Cash is debited.
• D) and Accounts Payable are debited and Cash is credited.

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Definitions:

Operant Conditioning

A developmental technique that modifies behavior intensity by employing strategies of reinforcement or punishment.

B.F. Skinner

An influential psychologist best known for his work in behaviorism and the development of the theory of operant conditioning.

Conditioned Stimulus

An initially neutral signal that, once linked with an unconditioned stimulus, triggers a conditioned reaction.

Drug Cravings

Intense desires or urges for the consumption of a specific drug, often experienced by individuals with substance use disorders.