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Refer to Crest Industries

question 257

Essay

Refer to Crest Industries.
Required:
1.Prepare the appropriate entries for Santa Fe Leasing through the second payment of the lease.
2.Show how Santa Fe Industries will present this lease on its financial statements at December 31.


Definitions:

Unconditional Positive Regard

A term from humanistic psychology that indicates accepting and respecting others as they are without judgment or evaluation.

Systematic Desensitization

A behavioral therapy technique used to reduce phobic reactions and anxieties by gradually exposing the individual to the feared object or situation.

Token Economy

A system of behavior modification based on the systematic reinforcement of target behavior through the exchange of tokens that can be redeemed for various rewards.

Participant Modeling

A therapeutic technique wherein a therapist first demonstrates a desired behavior in a step-by-step process, then the client attempts to imitate the behavior with guidance.

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