This Exercise Is Designed to Familiarize You with Some of the Guidelines

question 14

Multiple Choice

This exercise is designed to familiarize you with some of the guidelines listed in the APA Publication Manual. On your papers, you will be held responsible for ALL of the information contained in this Manual, even if we never cover it in class. Therefore, if you have a question about APA style while writing your papers, it will help you to be familiar with the book. Answer each of the following questions using the APA Publication Manual and for each question, indicate the page number of the APA Publication Manual from which you found the answer.
-Which is correct?

• A) The data indicate that Terrence was correct.
• B) The data indicates that Terrence was correct.

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Definitions:

Statement of Retained Earnings

A financial statement that shows how a company's retained earnings have changed over a given period due to profits retained in the business or dividends distributed.

Adjusted Trial Balance

A trial balance that accounts for all adjustments made in the accounting period, used for preparing financial statements.

General Ledger Accounts

The complete record of all financial transactions over the life of a company, organized by account.

Income Statement Accounts

Income statement accounts are those financial accounts that track the revenues, expenses, gains, and losses of a business, which together determine its net profit or loss for a period.