Which of the Following Statements Is Correct

question 41

Multiple Choice

Which of the following statements is correct?

• A)Expense accounts result in decreases in net income and stockholders' equity and therefore have credit balances.
• B)Revenue accounts result in increases in net income and stockholders' equity and therefore have debit balances.
• C)Loss accounts result in decreases in net income and stockholders' equity and therefore have debit balances.
• D)Gain accounts result in increases in net income and stockholders' equity and therefore have debit balances.

Explain the factors influencing the effectiveness of punishment and behavior suppression.

Appreciate the application of behavioral theories to real-world behavior modification.

Understand the implications of reward and punishment anticipation in behavior modification.

Recognize the significance of response rates and reinforcement schedules in shaping behavior.

---

Definitions:

Income-sharing Ratio

The pre-agreed proportion in which partners or stakeholders share the generated income or losses.

LLP

A legal structure for a business that provides the owners with limited liability protection, typically used by professional services firms.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.

Capital Account Balance

The net result of public and private international investments flowing in and out of a country, representing changes in national ownership of assets.