At the Time the Bieg Plumbing Suppliers Prepared Its Financial

question 170

Multiple Choice

At the time the Bieg Plumbing Suppliers prepared its financial statements, it had several customers who bought goods over the past three months on its "90 days same as cash" credit plan. These customers had not yet paid their bills, but they have good credit ratings and Bieg is confident that they will make their payments on time. The amount these credit customers owe would show up as part of the

• A) current assets listed on Bieg's balance sheet.
• B) current liabilities listed on Bieg's balance sheet.
• C) a deferred cash flow on Bieg's statement of cash flows.
• D) unrealized revenue reported on Bieg's income statement.

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Definitions:

Fixed Interval

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

Variable Ratio

A reinforcement schedule where the number of responses required to receive a reward varies, leading to high and consistent rates of response.

Salient

Something that stands out conspicuously or is most noticeable or important.

Preceding

Occurring or coming before something else in time or order.