A Scientist Is Investigating the Results of Varying Temperature on the Growth

question 2

Multiple Choice

A scientist is investigating the results of varying temperature on the growth rate of a bacterial culture. In this experiment, temperature is the _____.

• A)dependent variable
• B)independent variable
• C)control
• D)model
• E)hypothesis

Identify the types of accounts affected by adjusting entries and their impact on financial statements.

Distinguish between prepaid expenses and their adjustment entries.

Recognize accrued expenses and revenues and how they are reported.

Understand the concepts of deferral and accrual in accounting.

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Definitions:

Taft-Hartley Act

A 1947 federal law that restricted the activities and power of labor unions, including limiting strikes and requiring union leaders to swear they were not communists.

NATO

The North Atlantic Treaty Organization is a military alliance formed for mutual defense against aggression, primarily established in 1949.

Marshall Plan

An American initiative passed in 1948 to aid Western Europe, in which the U.S. gave over $12 billion for economic recovery post-World War II to counter the spread of communism.

Truman Doctrine

A United States policy, announced by President Truman in 1947, to provide military and economic assistance to countries threatened by communism.