For a Capital Lease,an Amount Equal to the Present Value

question 55

Multiple Choice

For a capital lease,an amount equal to the present value of the minimum lease payments should be recorded by the lessee as a(n) :

• A)Asset and a liability.
• B)Asset and a different amount should be recorded as a liability.
• C)Liability and a different amount should be recorded as an asset.
• D)Expense.

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Definitions:

Positive Punishment

In operant conditioning, a method that involves adding an unfavorable outcome or event following an undesired behavior, intended to decrease the likelihood of the behavior recurring.

Law of Effect

A principle of behavior that states responses followed by satisfaction will become more likely to occur, while those followed by dissatisfaction will become less likely.

Fear

An emotional response to a perceived threat, which serves as a basic survival mechanism by triggering the fight or flight response.

Generalization

The process by which the brain applies learned information from specific instances to similar situations or stimuli.