It Is the Year End,but Not the Pay Period End

question 63

Multiple Choice

It is the year end,but not the pay period end.How will this affect the balance sheet?

• A)Assets will be decreased.
• B)Liabilities will be increased.
• C)Owner's equity will be increased.
• D)This has no effect on the period end balance sheet.

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Definitions:

Efficacy

The ability to produce a desired or intended result; typically used in the context of the effectiveness of a treatment or intervention.

Effectiveness

The degree to which something achieves its desired outcome or goal under specific conditions.

External Validity

The extent to which the results of a study can be generalized to other situations and to other people outside of the experimental setting.

Internal Validity

The extent to which a study can demonstrate that a causal relationship exists between two variables, free from the influence of extraneous variables.