All of the Following Would Appear on a Single-Step Income

question 3

Multiple Choice

All of the following would appear on a single-step income statement except

• A) cost of goods sold.
• B) extraordinary items.
• C) gross profit.
• D) discontinued operations.

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Definitions:

Delayed Reinforcement

A technique in conditioning where a reward or punishment is given some time after the desired or undirected behavior occurs, which may slow the learning process.

Immediate Reinforcement

the prompt delivery of a reward or consequence following a behavior, which strengthens the likelihood of the behavior being repeated.

Law Of Effect

A principle of learning proposing that behaviors followed by positive outcomes are likely to be repeated, while those followed by negative outcomes are less likely to be repeated.

Reinforcement

The process of encouraging or establishing a pattern of behavior by offering rewards or consequences.