Reporting the Current Market Value of Plant, Property, and Equipment

question 23

True/False

Reporting the current market value of plant, property, and equipment on the balance sheet is optional when using International Financial Reporting Standards (IFRS).

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Definitions:

Premack Principle

A principle of reinforcement that states a more probable behavior can be used as a reward for a less probable one to increase the less probable behavior.

Secondary Reinforcer

A stimulus that has become rewarding through its association with a primary reinforcer, which satisfies basic biological needs.

Primary Reinforcer

A stimulus that is naturally reinforcing for a given species, such as food, water, or physical comfort, which does not require learning to be effective.

Skinner Box

An experimental apparatus used in the behavioral study of animals, named after B.F. Skinner, to study operant conditioning.