An Inventory Acquisition Is Received Late in the Afternoon of December

question 54

Multiple Choice

An inventory acquisition is received late in the afternoon of December 31 after the physical inventory is completed.If the acquisition is included in accounts payable and purchases, but excluded from inventory, the result:

• A) does not affect earnings.
• B) is indeterminable from the information given.
• C) is an understatement of net earnings.
• D) is an overstatement of net earnings.

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Definitions:

Operant Conditioning

A learning paradigm that tailors the intensity of a conduct through positive feedback or negative repercussions.

Shaping

The process of reinforcing successively closer approximations to a desired behavior, used in behavioral training and conditioning.

Delayed Reinforcement

A technique in behavior modification that involves a time delay between the desired response of an organism and the delivery of reward.

Classical Conditioning

An educational approach where two stimuli are persistently paired; the response, initially the result of the second stimulus, eventually becomes the result of the first stimulus alone.