The Securities and Exchange Commission Requires That Subscriptions Receivable Be

question 38

Multiple Choice

The Securities and Exchange Commission requires that Subscriptions Receivable be disclosed on the financial statements filed with it as an)

• A) current asset as long as collection is to be made within one year or the normal operating cycle, whichever is longer.
• B) other asset if collection is to be made beyond one year from the date of the financial statements.
• C) contra-accounts receivable account.
• D) contra-shareholders' equity account.

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Definitions:

Motorcycles

Two-wheeled vehicles powered by an engine, designed for individual or small number passenger transport.

Backward Conditioning

A conditioning process in which the unconditioned stimulus is presented before the conditioned stimulus, making it a less effective form of learning.

US

In the context of psychology, it often stands for the unconditioned stimulus in classical conditioning, which naturally triggers a response without prior learning.

Stimulus Generalization

The tendency for the conditioned response to be evoked by stimuli that are similar to the conditioned stimulus.