Systematic Error Is Defined as

question 102

Multiple Choice

Systematic error is defined as

• A) error that tends to be consistently too high or too low.
• B) error that has equal probability of being too high or too low.
• C) error that averages out with repeated trials.
• D) error that is random.

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Definitions:

Dividends in Arrears

Outstanding dividends on cumulative preferred stock that have not been paid by the corporation by the specified payment date.

Journal Entry

A record of a business transaction in an accounting system, which includes debits and credits in appropriate accounts to maintain the ledger's accuracy.

Date of Payment

The specific day on which payment is made or received.

Dividends Payable

A liability account recording the amount a company owes to its shareholders in announced dividends to be paid.