The Accounting Basis That Helps to Measure and Report Revenues

question 135

Multiple Choice

The accounting basis that helps to measure and report revenues and expenses in a way that clearly reflects the ability of a company to generate value for its owners is referred to as:

• A)Cash-basis.
• B)Accrual-basis.
• C)Matching-basis.

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Definitions:

Monetary Winnings

Funds or gains received as a result of winning a game, competition, bet, or lawsuit.

Variable-Ratio

A schedule of reinforcement where a response is rewarded after an unpredictable number of responses, often used in behavior modification.

State Lottery Tickets

Tickets sold by a governmental entity, allowing participants a chance to win monetary prizes through a random drawing process.

Resistance To Extinction

The persistence of learned behavior or response patterns even after the removal of the reinforcing stimulus.