You Conduct a Study and Ask for Participants to State

question 21

Multiple Choice

You conduct a study and ask for participants to state their age in years on a questionnaire.Upon consideration,you are advised by a peer to recode this variable into three age categories.Which of the following may be a valid reason for this change?

• A)To conduct a correlational analysis
• B)The distribution of the age variable is skewed
• C)There are missing values
• D)Participants were reluctant to state their actual age

Understand and analyze the basic accounting equation and its components (assets, liabilities, owner's equity).

Prepare and correct a balance sheet.

Record and analyze business transactions and their effects on the accounting equation.

Prepare an owner’s equity statement.