Jones Corporation Provides Services to a Customer on June 17,but

question 131

True/False

Jones Corporation provides services to a customer on June 17,but the customer does not pay for the services until August 12.According to the revenue recognition principle,Jones Corporation should record the revenue on August 12.The revenue recognition principle requires that revenue be recorded when earned (June 17).

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Definitions:

Continuous-reinforcement Phenomenon

A method of learning where a desired behavior is reinforced every time it occurs, leading to faster learning.

Extinction Effect

The gradual weakening and eventual disappearance of a conditioned response over time when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Effective Punishment

A consequence that successfully reduces the likelihood of a behavior being repeated, contingent on the behavior and appropriately administered.

Punishment

A consequence that diminishes the frequency of the behavior it follows, often used in the context of behavior modification.