Robert Stands Three Times on a Pair of Scales Within

question 11

Multiple Choice

Robert stands three times on a pair of scales within a period of 5 minutes.The first time he weighs 92 kg,the second time he weighs 102 kg and the third time he weighs 95 kg.His real weight is 86 kg.What is the matter with the scales?

• A)The pair of scales is not reliable and not valid.
• B)The pair of scales is reliable but is not valid.
• C)The pair of scales is not reliable but is valid.
• D)The pair of scales is reliable and valid.

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Definitions:

Depreciation Expense

An accounting method for allocating the cost of a tangible asset over its useful life to reflect the asset’s consumption, wear and tear, or obsolescence.

Adjusted Trial Balance

An inventory of every account along with its adjusted balance, utilized in the drafting of financial statements.

Adjusting Entries

Journal entries made at the end of an accounting period to update accounts before the financial statements are prepared.

Net Income

The residual earnings of a company after all costs including expenses and taxes are taken out from the total revenue.