Given the Following Information for Kings Company, Prepare the Operating

question 180

Essay

Given the following information for Kings Company, prepare the operating activities section on the statement of cash flows using the direct method as of December 31, 20X5. $\begin{array}{ll}\text { Sales }&&\$891,000\\\text { Less expenses: }\\\text { Cost of goods sold } & \$ 662,000 \\\text { Depreciation expens e } & 16,000 \\\text { Amortixation expense } & 3,000 \\\text { Wage expense } & 91,000 \\\text { Rent expense } & 4,000 \\\text { Loss on sale of fixed asset } & 2,000 \\\text { Interest expense } & 13,000 \\\text { Income tax expense } & \underline{38,000}\\&&829,000\\\text { Net income }&&\$62,000\end{array}$ Increases (decreases) in selected accounts are indicated below: $\begin{array}{l}\text { Cash }&\$2,800&\text { Accounts pay able }&\$2,400\\\text { Accounts }&9,200&\text { Wages payable }&(700)\\\text { receivable }\\\text { Inventory } & (5,900) & \text { Taxes payable } & 1,100 \\\text { Prep aid rent } & (300) & &\end{array}$

Understand the concepts of positive and negative reinforcement and their effects on behavior.

Recognize the role of consequences in shaping behavior through the law of effect.

Apply understanding of operant conditioning to analyze real-life behaviors and reinforcement scenarios.

Understand the selectivity of phobias and the evolutionary perspective on fear conditioning.

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Definitions:

Aversive Stimulus

A stimulus that is unpleasant or noxious, which an organism seeks to avoid or escape.

Foot Fetish

A sexual interest focused on feet, which is one of the most common types of fetish interests relating to a specific part of the body.

DSM-5

The DSM-5, a detailed categorization system for mental disorders, is utilized by healthcare professionals for diagnosis purposes.

Hypersexuality

An excessive preoccupation with sexual fantasies, urges, or behaviors that is out of control and can cause distress or impairment.