​When a Response Cost Procedure Is Included,it Should Be Introduced

question 27

True/False

​When a response cost procedure is included,it should be introduced after the token economy has been in place for a period of time.

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Definitions:

Cost Method

An accounting method used to value an investment, where the investment is recorded at its acquisition cost and dividends are recorded as income.

Elimination

The process in accounting of removing the effects of inter-company transactions to avoid double counting in consolidated financial statements.

Share Capital Account

a financial record that represents the funds raised by a company through issuing shares to its shareholders.

Consolidated Statements

Reports that combine the financial performance and position of a parent company and its subsidiaries, offering a comprehensive overview of the total business.