While Reconciling the Checking Account, an Accountant with Sonic Corporation

question 132

Multiple Choice

While reconciling the checking account, an accountant with Sonic Corporation noticed that an error had been made in recording a check received by the company.Sonic recorded the receipt as $729 and the correct amount of the check was $279.What reconciling adjustment is required?

• A) Add $450 to the company's book balance
• B) Deduct $450 from the company's book balance
• C) Add $450 to the bank statement balance
• D) Deduct $450 from the bank statement balance

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Definitions:

Fixed Interval Schedule

A reinforcement schedule in operant conditioning where the first response is rewarded only after a specified amount of time has elapsed.

Classical Conditioning

A learning technique involving the frequent pairing of two stimuli, so that a response originally stimulated by the second of the stimuli is in the end stimulated by only the first stimulus.

Law Of Effect

A principle in psychology stating that behaviors followed by positive outcomes are likely to be repeated, whereas behaviors followed by negative outcomes are less likely to be repeated.

Variable-Interval Schedule

A reinforcement schedule in operant conditioning where a response is rewarded after an unpredictable amount of time has passed.