Devin Claims That She Does Not Have Any Negative Stereotypes

question 81

Multiple Choice

Devin claims that she does not have any negative stereotypes about women. But last week, when she called a technician to help her with a problem she was having with her computer, and the technician turned out to be a woman, a negative thought flashed through Devin's mind before she could stop herself ("Oh no," she thought, "a woman! A woman won't be able to help me with my problem!") . Devin surprised herself with this thought, and immediately tried to suppress it. What was going on here?

• A) Devin's deliberate system was engaging in stereotyping.
• B) Devin's deliberate system was engaging in prejudice.
• C) Devin was showing a weak delay of gratification.
• D) Devin's deliberate and automatic systems were "thinking" different things.

Distinguish between capital and operating leases and their financial statement impact.

Recognize the depreciation, expense recognition, and balance sheet implications for leases under GAAP.

Understand the concept of executory costs in lease agreements and their accounting treatment.

Grasp the implications of lease options, such as bargain purchase options, on lease accounting.

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Definitions:

Fixed Costs

Fixed expenses that are unaffected by the amount of goods produced or sold, for example, rent, salaries, and insurance payments.

Profit

Profit is the financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Operating Income

Income generated from a company's regular business operations, excluding one-time events and expenses.

Variable Cost

Costs that change in proportion to the level of activity or volume of goods produced.