The IFRS Definition of Cash Equivalents Is Very Similar to That

question 166

Short Answer

The IFRS definition of cash equivalents is very similar to that used by __________.

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Definitions:

Reinforcement

In behavioral psychology, a process by which a behavior becomes more likely to occur due to the consequence that follows it, can be positive or negative.

Favourable Consequences

Favourable consequences are positive outcomes or benefits that result from specific actions or behaviors, often serving as reinforcement.

B.F. Skinner

A prominent psychologist renowned for his work in behaviorism, particularly the development of operant conditioning.

Extinction

Gradual reduction and eventual disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.