An Exchange of Value Between Two Entities That Yields a Change

question 124

Multiple Choice

An exchange of value between two entities that yields a change in the accounting equation is called:

• A) An external transaction.
• B) The accounting equation.
• C) Net Income.
• D) Recordkeeping or bookkeeping.
• E) An asset.

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Definitions:

Unconditioned Response

An automatic and natural reaction to a stimulus that does not require learning.

Increased Heartbeat

A condition where the heart rate speeds up, typically in response to exercise, stress, or excitement.

Positive Reinforcement

A process in behavior modification that involves giving a reward to reinforce a desired behaviour, encouraging its repetition.

Extrinsic Reinforcement

Motivation or reward that comes from outside an individual, such as money, grades, or praise, which can influence behavior.