Match Each Account Name to the Financial Statement Section (A-I)

question 27

Multiple Choice

Match each account name to the financial statement section (a-i) in which it would appear.
-Land Improvements

• A)Current assets
• B)Fixed assets
• C)Intangible assets
• D)Current liability
• E)Long-term liability
• F)Owner's equity
• G)Revenues
• H)Operating expenses
• I)Other revenue and expense

---

Definitions:

Average-Total-Cost Curve

A curve showing the average total cost of producing different levels of output in the short run.

Punishment

A consequence imposed after an undesirable behavior, aimed at reducing that behavior.

Negative Reinforcement

A behavioral concept where the removal of an unfavorable event strengthens the behavior that led to its removal.

Extinction

In the context of behavior, the gradual reduction and eventual elimination of a conditioned response.