After the Successful Extinction of Your Son's Whining for a Toy

question 370

Multiple Choice

After the successful extinction of your son's whining for a toy while you are shopping, you go shopping several weeks later and he begins to whine for a toy as if he is "just checking to see if the rules have changed back." This situation illustrates

• A) shaping.
• B) spontaneous recovery.
• C) stimulus generalization.
• D) stimulus discrimination.

Grasp the sequence and components of the accounting process.

Understand the concept of amortization and how monthly payments are applied to both the principal and interest.

Calculate the total interest paid over the life of a loan.

Calculate the outstanding balance of a loan after a certain period of payments.

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Definitions:

Liabilities

Debts or financial responsibilities that a company has towards others, requiring settlement via the transfer of economic resources over a period.

Debits

Entries in accounting that represent an increase in assets or expenses, or a decrease in liabilities, equity, or income.

Credits

Accounting entries that increase liabilities or equity or decrease assets or expenses.

Journal Entries

The recording of financial transactions into a company's accounting records, documenting the details of financial transactions that affect the financial statements.