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During 2015,Pace Company issued common stock to stockholders for $12,000,purchased land for $3,200 cash,and paid cash dividends of $1,000 to the company's owners.Enter each of these three events into the horizontal financial statements model,below.Indicate dollar amounts of increases and decreases.For cash flows,show whether they are operating activities (OA),investing activities (IA),or financing activities (FA).Precede the amount with a minus sign if the transaction reduces that section of the equation or cash flow.
Enter 0 if there would be no entry in a column.
Momentary Maximization
The tendency of an organism to choose an option that provides immediate benefits, even if a different choice could yield a higher cumulative benefit over time.
Maximizing Law
A principle suggesting that individuals behave in ways that they believe will maximize their rewards and minimize their losses.
Matching Law
A principle in psychology and behavioral economics that states the proportion of responses directed towards an option matches the proportion of reinforcements obtained from that option.
Prefrontal Cortex
The prefrontal cortex is a part of the brain located at the front of the frontal lobes; it is involved in complex behaviors including planning, decision making, and moderating social behavior.
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