Indicate How Each Event Affects the Elements of Financial Statements $$\text { Increase } = \mathrm { I } \quad \text { Decrease } = \mathrm { D } \quad \text { No Effect } = \mathrm { N }$$

question 23

Short Answer

Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. $$\text { Increase } = \mathrm { I } \quad \text { Decrease } = \mathrm { D } \quad \text { No Effect } = \mathrm { N }$$
The Chandler Company purchased equipment for $16,000 on January 1, 2010. The equipment had an estimated useful life of four years and an estimated salvage value of $4,000. At the beginning of 2014, the equipment was sold for $7,000. Show how the sale affected the financial statements for 2014. $\begin{array}{|l|l|l|l|l|l|}\text { Assets Liabilities } & \text { Equity } & \text { Revenues and gains} & \text { Expenses and losses } & \begin{array}{c}\text { Net } \\\text { Income }\end{array} & \begin{array}{c}\text { Cash } \\\text { Flow }\end{array}\\\hline&&&\end{array}$

Identify processes that strengthen or weaken conditioned responses, such as acquisition and extinction.

Define and differentiate between stimulus generalization and discrimination in classical conditioning.

Explain the role of environmental cues in classical conditioning, especially in relation to drug tolerance and addiction.

Describe how classical conditioning principles apply to real-life situations, such as behaviors in animals and human fears.

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Definitions:

Performance Outcomes

Measures or results that indicate the effectiveness or success of a process, activity, or individual's achievements.

Civil Disobedience

Civil Disobedience is the act of intentionally refusing to comply with certain laws, demands, or commands of a government or occupying power, without resorting to physical violence, as a form of political protest.

Positive Deviance

Behaviors that deviate from the norms of a community or society but in ways that have beneficial or positive effects.

Court Orders

Legal mandates issued by a court or a judge, directing someone to do or not to do something.