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A bakery shop makes a large sale for $1400 on November 30. The customer is sent a statement on December 5 and a check is received on December 10. The bakery shop follows GAAP and applies the revenue recognition principle. When is the $1400 considered to be recognized?
Rosenthal Effect
Also known as the Pygmalion effect, the phenomenon in which higher expectations lead to an increase in performance; a form of self-fulfilling prophecy.
Double-Masked Study
A type of clinical trial where neither the participants nor the experimenters know who is receiving a particular treatment, reducing bias.
Selection Bias
A distortion in the outcome of a study due to non-random selection of participants, leading to an unrepresentative sample.
Double-Masked
A study design in which neither the participants nor the researchers know which participants belong to the control group and which to the experimental group, to prevent bias.
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