Goods That Are Not Yet in Existence or Are Not

question 34

Multiple Choice

Goods that are not yet in existence or are not yet owned by the seller are__________ goods.

• A) fraudulent
• B) nonexistent
• C) future
• D) contingent

Distinguish between adjusting entries and reversing entries.

Recognize the situations where reversing entries are applicable.

Identify the correct process for making reversing entries for specific accounts.

Understand the timing for recording reversing entries in an accounting period.

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Definitions:

Conditional Reinforcement

The process by which stimuli that are associated with a primary reinforcer also become reinforcers themselves, often through classical conditioning.

Postreinforcement Pause

A pause in responding that commonly occurs after the delivery of a reinforcer under certain schedules of reinforcement, such as a fixed ratio schedule.

FR-5 Schedule

A fixed-ratio schedule of reinforcement where a response is rewarded only after five instances of the behavior.

FR-15 Schedule

A fixed-ratio schedule of reinforcement where a response is reinforced only after it has been produced 15 times.