How Should Contingencies Be Reported in an Interim Report

question 35

Multiple Choice

How should contingencies be reported in an interim report?

• A) Disclosed the same way as they are disclosed in annual reports.
• B) Disclosed in the interim period discovered, and ignored in all future periods.
• C) Recorded as gains or losses as incurred.
• D) Recorded as gains or losses only if material.
• E) Ignored.

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Definitions:

Fixed Ratio Schedule

A schedule of reinforcement where a response is reinforced only after a specified number of responses.

Fixed Ratio

A schedule of reinforcement where a response is rewarded only after a specified number of responses, often used in learning and conditioning.

Gym

A facility equipped with specialized equipment for strength, cardio, and flexibility training, aimed at improving physical fitness.

Reward

A positive reinforcement given following a desired behavior, with the aim of increasing the likelihood of the behavior occurring again.