Assuming No Errors Have Been Made,when a Company Prepares Its

question 92

Multiple Choice

Assuming no errors have been made,when a company prepares its adjusted trial balance:

• A)assets will equal liabilities plus retained earnings.
• B)stockholders' equity will be adjusted to include the current period's net income.
• C)the debit column and the credit column will be equal.
• D)income statement accounts will have been closed.

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Definitions:

Multivariate ANOVA

A statistical technique used to assess the differences among group means when there are two or more dependent variables.

Dependent Variable

A factor within an experiment or model anticipated to vary as a result of modifications in independent variables.

Univariate ANOVA

A statistical test used to compare the means of three or more unrelated groups on a single quantitative dependent variable.