Which of the Following Occur from Peripheral or Incidental Transactions

question 15

Multiple Choice

Which of the following occur from peripheral or incidental transactions?

• A) Sales revenue
• B) Cost of goods sold
• C) Gain on the sale of equipment
• D) Operating expenses

---

Definitions:

Prediction Interval

In statistics, a range within which a future observation or data point is expected to fall, with a specified probability.

Heteroscedasticity

A condition in regression analysis where the variance of the error terms or disturbances is not constant across all levels of an independent variable.

Error Variable

A random variable signifying the discrepancy between the forecasted value and the true observed value in statistical analysis.

Regression Equation

A formula derived from regression analysis that predicts the dependent variable based on one or more independent variables.