Following Generally Accepted Accounting Principles,the Income Statement Issued to Investors

question 98

Multiple Choice

Following Generally Accepted Accounting Principles,the income statement issued to investors and creditors must ________.

• A)be prepared in the traditional format
• B)be prepared using variable costing
• C)be prepared in the contribution margin format
• D)show the value of contribution margin

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Definitions:

Premack's Principle

A principle stating that more probable behaviors can serve as reinforcers for less probable behaviors.

High-Probability Activities

Activities that an individual is highly likely to engage in, often used in behavior modification by allowing access to them as a reward.

Reinforcing

Strengthening a behavior by providing a consequence that will increase the likelihood of the behavior's recurrence.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 1 represents certainty.