The Responsibility of the Emerging Issues Task Force (EITF)is to

question 75

Multiple Choice

The responsibility of the Emerging Issues Task Force (EITF) is to

• A) issue statements which reflect a consensus of the EITF on how to account for new financial reporting issues where guidance is needed quickly.
• B) do research on financial reporting issues that are being addressed by the AICPA.
• C) respond to groups lobbying the FASB on issues that affect a particular industry.
• D) develop concept statements the AICPA can use as a frame of reference to solve future s.

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Definitions:

Positive Reinforcer

A stimulus which, when presented after a behavior, increases the likelihood of that behavior being repeated.

Conditioned Stimulus

A conditioned stimulus is a previously neutral stimulus that, after becoming associated with an unconditioned stimulus, elicits a conditioned response.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers an unconditioned response without prior learning.

Discriminative Stimulus

A cue or signal in the environment that indicates that a specific behavior will result in a particular consequence.