If a City Has an Unpaid Lease Obligation at the Beginning

question 15

Multiple Choice

If a city has an unpaid lease obligation at the beginning of its fiscal year, the journal entry in the debt service fund to record the lease payment during that fiscal year will include: 

• A) A debit to Lease Obligations Payable.
• B) A credit to Expenditures-Principal of Lease Obligation.
• C) A debit to Expenditures-Principal of Lease Obligation.
• D) A debit to Interest Expense on Leases.

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Definitions:

Reinforcement

A process in operant conditioning that increases the likelihood of a behavior being repeated, which can be either positive (by adding a stimulus) or negative (by removing a stimulus).

Negative Contrast Effect

The effect in which a shift from high to low reward magnitude produces a lower level of responding than if the reward magnitude had always been low.

Reward

A beneficial stimulus that increases the likelihood of a behavior being repeated when it follows that behavior.

Variable-interval Schedule

A reinforcement schedule in which rewards are given following a variable amount of time.