Barry Throws the Football into the Stands After Scoring a Touchdown,and

question 62

Multiple Choice

Barry throws the football into the stands after scoring a touchdown,and is cheered by the fans.As a result,Barry is more likely to throw the ball into the stands whenever he scores a touchdown.This is an example of:​

• A) ​negative reinforcement
• B) ​positive reinforcement
• C) ​punishment
• D) ​satiation

Calculate net income and equity changes resulting from business operations and transactions.

Distinguish between different types of business activities (operating, investing, and financing).

Identify the implications of significant accounting principles such as the measurement (cost) principle, the full disclosure principle, and the materiality constraint.

Recognize how specific legislations impact accounting practices and corporate governance.

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Definitions:

Contingent Asset

An asset that might come into existence subject to the occurrence of some uncertain future event.

AASB 137

The Australian Accounting Standards Board standard that specifies the accounting for provisions, contingent liabilities, and contingent assets.

Deferred Liability

A deferred liability is a financial obligation that a company owes and is recorded on its balance sheet to be settled in a future period.

Uncertain Future Events

Events whose occurrence and impact cannot be predicted with certainty, often requiring risk management and contingency planning.