Dexter Corp

question 91

Multiple Choice

Dexter Corp. received cash for a service that is to be performed in the next accounting period. How should this transaction be accounted for?

• A)As accrued revenue.
• B)As an expense.
• C)As a prepaid expense.
• D)As a liability.

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Definitions:

Fixed-Ratio Schedule

A type of reinforcement schedule in operant conditioning where a response is reinforced only after a specified number of responses.

Reinforcement

Reinforcement in psychology refers to the process of encouraging or establishing a pattern of behavior by offering rewards or consequences.

Response

A reaction or answer provided after a specific stimulus or question.

Fixed Interval

In the context of psychology, it refers to a schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.