The Reason That Both Expenses and Dividends Are Recorded by Debit

question 90

Multiple Choice

The reason that both expenses and dividends are recorded by debit entries is that:

• A)All dividend and expense transactions involve offsetting credit entries to the Cash account.
• B)Both expenses and dividends are offset against revenues in the income statement.
• C)Both expenses and dividends reduce owners' equity.
• D)The statement is untrue-expenses are recorded by debits,but dividends are recorded by credits to the owners' equity account.

Calculate the contribution margin for a department.

Allocate building and utility costs to departments based on specified criteria.

Understand the concept and calculation of contribution margin and net income.

Grasp the effects of department elimination on overall company financials.

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Definitions:

Operant Reinforcer

Operant Reinforcer is any stimulus which strengthens or increases the probability of a specific response by means of reward or punishment following that response.

Classical Reinforcer

An item or stimulus that increases the likelihood of a specific response by being presented after the response occurs in a conditioning process.

Primary Reinforcer

A primary reinforcer is a stimulus that is naturally rewarding and satisfies a biological need, such as food or water.

Stimulus Discrimination

The learned ability to distinguish between similar stimuli and respond appropriately to each one.