Peter Exchanged Similar Assets with Sunshine Company in a Transaction

question 86

Multiple Choice

Peter exchanged similar assets with Sunshine Company in a transaction without commercial substance. Peter gave up equipment that had a net book value of $47,000 (fair value $49,000) and Sunshine exchanged equipment with a net book value of $36,000 (fair value $35,000) . What is the correct value at which Sunshine should record the new equipment?

• A)$35,000
• B)$36,000
• C)$47,000
• D)$49,000

Recognize the distinction between reinforcement (positive/negative) and punishment.

Identify strategies to increase the effectiveness of punishment.

Understand the role of discriminative stimuli in signaling reinforced behaviors.

Appreciate the long-term effects of physical discipline on children.

---

Definitions:

Homo Sapiens

The scientific name for modern humans, the only extant species of the genus Homo.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Earth

The third planet from the Sun, unique among the planets in the Solar System for hosting life, with a vast diversity of ecosystems and geological features.

Biological Evolution

The process by which species of organisms change over time through variations in their genetic material.