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MrLunette Sends Students to a "Time-Out" Box When They Become

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Mr.Lunette sends students to a "time-out" box when they become too physically aggressive during hockey practice.Once they have been seated quietly for at least five minutes,they are allowed to re-enter the game.The chance to leave the "time-out" box is an example of what type of consequence?


Definitions:

Adjusting Entries

Adjustments in accounting records at the end of a period to correctly distribute incomes and costs to the period they pertain to.

Prepaid Rent

Payments made in advance for rent, recorded as an asset on the balance sheet until it is consumed over time and moved to expense.

Prepaid Expenses

Payments made in advance for goods or services, which are recorded as an asset until they are consumed or used.

Accrued Revenues

Income earned but not yet received, representing goods or services that have been delivered but payment has not been collected.

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