GAAP Requires That Some Lease Agreements Be Accounted for as Purchases

question 154

Multiple Choice

GAAP requires that some lease agreements be accounted for as purchases. The theoretical justification for this treatment is that a lease of this type:

• A)Complies with the concept of form over substance.
• B)Reflects the relationship of cause and effect.
• C)Satisfies the concept of historical cost.
• D)Conveys most of the risks and benefits of property ownership.

Understand the concept and implications of a token economy in behavior modification.

Describe the principles behind and the effectiveness of behavior modification techniques.

Understand the fundamental principles and concepts of Skinner's behaviorism, including operant conditioning.

Identify the differences between Skinner's research approach and those of other personality theorists.

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Definitions:

RUPA

The Revised Uniform Partnership Act (RUPA) is a comprehensive statute that provides a legal framework for the formation, operation, and dissolution of partnerships in the United States.

Limited Liability

A legal structure that limits the financial responsibility of an organization's owners or shareholders to the amount they have invested in the company.

Aggregate Theory

A theory in partnership law that holds that a partnership is actually a conglomeration of the partners rather than a separate legal person with its own legal identity.