During the Course of the Year 2 Audit of Smithsone

question 44

Essay

During the course of the year 2 audit of Smithsone Company,the auditor discovered the following situations that may or may not require an adjusting journal entry.Each audit finding is independent of any of the other findings.Select the account or accounts that would comprise the adjusting journal entry,if required,to correct the audit finding.Accounts may be used once,more than once,or not at all.

---

Definitions:

Punishment

constitutes the imposition of a negative consequence or the removal of a positive stimulus in response to undesired behavior, with the aim of reducing that behavior.

Vicarious Learning

Vicarious learning is the process of learning by observing the actions, consequences, and behaviors of others, rather than through direct experience.

Negative Reinforcement

A behavioral concept where the removal or avoidance of an unpleasant stimulus strengthens a behavior.

Punishment

A method used in organizational context to reduce undesirable behaviors by applying negative consequences or removing positive ones.