Gladiator Inc

question 93

Multiple Choice

Gladiator Inc. uses the direct method to prepare its statement of cash flows. Refer to the following information reported for the year 2014: Cost of Goods Sold, $130,000
Inventory, beginning balance, $25,000
Inventory, ending balance, $65,000
Accounts Payable, beginning balance, $7,500
Accounts Payable, ending balance, $4,900
What is the amount of cash paid for merchandise inventory?

• A)$172,600
• B)$140,000
• C)$170,000
• D)$167,400

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Definitions:

Thorndike

An American psychologist known for his work on learning theory that led to the development of operant conditioning within behaviorism.

Operant Conditioning

A method of learning that occurs through reinforcements and punishments for behavior, influencing the likelihood of that behavior being repeated.

Higher-Order Conditioning

A form of learning in which a stimulus is first made meaningful through classical conditioning. Then, another stimulus is paired with the first, causing the second stimulus to elicit the conditioned response even in the absence of the first.

Shaping

A method of positively reinforcing behaviors that are successively closer to the desired behavior.