Receivables Are Initially Valued Based on Their ______

question 98

Multiple Choice

Receivables are initially valued based on their ______.

• A) fair value
• B) estimated amount collectible
• C) lower-of-cost-and-market value
• D) historical cost

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Definitions:

Positive Reinforcement

A technique in behavioral psychology that involves rewarding desirable behaviors to increase their occurrence.

Punishment

constitutes the imposition of a negative consequence or the removal of a positive stimulus in response to undesired behavior, with the aim of reducing that behavior.

Vicarious Learning

Vicarious learning is the process of learning by observing the actions, consequences, and behaviors of others, rather than through direct experience.

Negative Reinforcement

A behavioral concept where the removal or avoidance of an unpleasant stimulus strengthens a behavior.