An Adjusting Entry Should Never Include

question 119

Multiple Choice

An adjusting entry should never include

• A) a debit to an expense account and a credit to a liability account.
• B) a debit to an expense account and a credit to a revenue account.
• C) a debit to a liability account and a credit to revenue account.
• D) a debit to a revenue account and a credit to a liability account.

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Definitions:

Correlation Coefficients

Numerical measures indicating the strength and direction of a linear relationship between two quantifiable variables.

Sample

A subset of a population selected for measurement, observation, or questioning to provide statistical information about the population.

Regression Equation

A mathematical formula used to predict the value of a dependent variable based on one or more independent variables.

General Form

Typically refers to the standardized or most commonly used version of an equation, document, or procedure.