Under the Direct Write-Off Method,what Journal Entry Is Prepared When

question 129

Multiple Choice

Under the direct write-off method,what journal entry is prepared when an account is determined to be worthless or uncollectible?

• A)debit Allowance for Uncollectible Accounts and credit Accounts Receivable
• B)debit Accounts Receivable and credit Allowance for Uncollectible Accounts
• C)debit Uncollectible-Account Expense and credit Allowance for Uncollectible Accounts
• D)debit Uncollectible-Account Expense and credit Accounts Receivable

Differentiate between types of reinforcements and schedules of reinforcement.

Recognize the concepts and applications of shaping and successive approximations in behavior modification.

Identify and differentiate between primary and secondary reinforcements.

Understand the role of stimulus in eliciting operant behavior.

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Definitions:

Monetary Neutrality

The concept that changes in the money supply only affect nominal variables, like prices, not real variables like output or employment in the long term.

Classical Dichotomy

The theoretical separation of nominal and real variables

Short-Run Phillips

A theoretical framework that implies a short-term inverse correlation between inflation rates and unemployment levels.

Classical Dichotomy

The theoretical separation of nominal and real variables in an economy, suggesting that changes in the money supply only affect nominal variables and not real variables like output.