All of the Following Are Reasons to Adjust the Account

question 197

Multiple Choice

All of the following are reasons to adjust the account balances at the end of the period EXCEPT

• A) to accurately report the assets on the balance sheet.
• B) to report all revenues earned during the period.
• C) to report all expenses incurred during the period.
• D) to correct any errors made during the period.

---

Definitions:

Sampling Error

The difference between a statistic derived from a sample and the corresponding statistic of the entire population, due to chance variation in selecting the sample.

Population

The entire group of individuals or items that a researcher or statistician is interested in studying.

Representative Sample

A fraction of the population that truly represents the attributes of the entire group.

Null Hypothesis

A statement or assumption that there is no relationship or effect in the population from which a sample was drawn, in statistical testing.