Which of These Assets, Which Could Be Listed on a Statement

question 67

Multiple Choice

Which of these assets, which could be listed on a statement of financial position, is likely not to translate into future economic benefits?

• A)Large inventories of spare parts.
• B)Accounts receivable that have been outstanding for several months.
• C)Inventory that has been on the shelves for over a year.
• D)All of the above.

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Definitions:

Negative Reinforcement

A behavioral psychology principle where the removal of an unfavorable outcome or stimulus strengthens a desired behavior.

Pleasant Event

An enjoyable or satisfying occurrence that can have a positive effect on one’s emotional or mental state.

Classical Conditioning

A learning process in which a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit a similar response.

Classical Conditioning

A learning process that pairs a neutral stimulus with a stimulus that naturally produces a response until the neutral stimulus alone produces the same response.