Samantha's Sporting Goods Had Net Assets Consisting of the Following

question 12

Essay

Samantha's Sporting Goods had net assets consisting of the following:
Pedic Incorporated purchased Samantha's Sporting Goods, and immediately dissolved Samantha's as a separate legal entity.
Requirement 1: If Samantha's was purchased for $1,000,000 cash, prepare the entry recorded by Pedic.
Requirement 2: If Samantha's was purchased for $1,500,000 cash, prepare the entry recorded by Pedic.

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Definitions:

Operant Conditioning

A training technique that alters the power of an action through rewards or consequences.

If … Then Contingency

A conditional statement indicating that one event (the consequence) follows another (the condition) only if the first event occurs.

S-R Association

A concept in learning theory that suggests a connection or association is formed between a specific stimulus (S) and a specific response (R).

Social Learning

A theory that suggests people can learn new behaviors and acquire new information by observing others.