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Two Groups of Graduate Students Were Given Rats and Instructed

question 366

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Two groups of graduate students were given rats and instructed to teach the rats how to run mazes. Group 1 was told that they had "very smart" rats that should learn quickly. Group 2 was told that they had "very stupid" rats that should learn slowly. In actuality, neither group was any different, and the rats were randomly assigned. In spite of that, when the experiment concluded, the rats taught by Group 1 had learned the maze much more quickly. How can that be explained?


Definitions:

Adjusting Entries

Ledger adjustments made at an accounting period's end to distribute income and spending according to the period they occurred.

GAAP

A body of accounting and financial reporting standards and rules widely adopted, defined as Generally Accepted Accounting Principles.

Revenue Recognition

The accounting principle that revenue should be reported at the time goods are sold or services are rendered, regardless of when the payment is received.

Expense Recognition

The accounting principle that matches incurred expenses to the revenue they generate, recognizing expenses in the same period as the related revenues.

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