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Unearned Revenue Was Not Adjusted to Show $3,000 of Revenue

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Unearned revenue was not adjusted to show $3,000 of revenue earned during the current period. What is the effect of this error on the balance sheet?


Definitions:

Fixed-ratio

A reinforcement schedule in which a response is rewarded after a predetermined number of responses.

Variable-interval

A reinforcement timetable in which a response is reinforced following a random duration of time.

Variable-ratio Schedule

A reinforcement schedule where a response is reinforced after an unpredictable number of responses, making it highly resistant to extinction.

Specific Number

A specific number refers to a distinct and particular numerical value, identified without ambiguity.

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