The Following Is a Partial List of Accounts and Balances

question 141

Essay

The following is a partial list of accounts and balances for the Spencer Corporation.
$\begin{array}{lrr}&\text { Beginning }&\text { Ending }\\\text { Land } & \$ 48,000 & \$ 131,800 \\\text { Accounts receivable } & 20,800 & 20,000 \\\text { Prepaid rent } & 4,200 & 2,800 \\\text { Prepaid insurance } & 1,800 & 5,600 \\\text { Equipment } & 24,000 & 29,000\\\text { Accounts payable } & 3,600 & 2,800 \\\text { Dividends payable } & 2,000 & 2,400 \\\text { Utilities payable } & 1,00 \mathrm{C} & 1,600 \\\text { Cash } & 16,00 \mathrm{C} & 14,400 \\\text { Buildings } & 188,00 \mathrm{C} & 224,000 \\\text { Salaries payable } & 5,800 & 4,400 \\\text { Unearned revenue } & 1,60 \mathrm{C} & 1,800\end{array}$

Additional Information:
Net income for the current year was $78,800,depreciation expense was $53,400,and equipment with a book value of $40,000 was sold for $36,000 cash.
Prepare the operating activities section of the statement of cash flows for the current year using the indirect method.

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Definitions:

Reinforcement Contingencies

Conditions in which the delivery of rewards or punishments are contingent upon a specific behavior, used to increase or decrease the likelihood of that behavior's occurrence.

Shaping

A method of teaching new behaviors by successively reinforcing behaviors that approximate the target behavior.

Higher-Order Conditioning

A type of learning where a new stimulus becomes associated with an already conditioned stimulus, resulting in the same conditioned response.

Spontaneous Recovery

Following a period without exposure to the conditioned stimulus, a conditioned response that had previously disappeared resurfaces.