When an Accounting Change Is Recorded and Reported Using the Retrospective

question 122

True/False

When an accounting change is recorded and reported using the retrospective approach, the cumulative effect on Retained Earnings is recorded in that account.

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Definitions:

Extinction

In the context of behavior, the gradual reduction and eventual elimination of a conditioned response.

Successive Approximations

This is a method in behavioral psychology where behaviors are gradually trained by rewarding approximations of the desired behavior.

Positive Reinforcement

A technique in behavior management that reinforces desired behaviors by rewarding them, encouraging their repetition.

Shaping

A technique used in behavior modification that involves successively reinforcing behaviors that approximate the target behavior.