Under AASB 101 Fire Damage Expense Must Be Recorded as a Loss

question 14

True/False

Under AASB 101 fire damage expense must be recorded as a loss and not as an ordinary expense.

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Definitions:

Operant Conditioning

A method of behavior modification where the intensity of an action is influenced by positive or negative reinforcement.

Shaping

A method of positive reinforcement of behavior patterns in operant conditioning.

Simpler Response

A basic or more straightforward reaction or answer to a stimulus or question, often requiring less cognitive or emotional effort.

Operant Conditioning

An instructional process whereby the force behind a behavior is shaped by rewards or sanctions.