A Reversing Entry

question 46

Multiple Choice

A reversing entry

• A) reverses entries that were made in error.
• B) is the exact opposite of an adjusting entry made in a previous period.
• C) is made when a business disposes of an asset it previously purchased.
• D) is made when a company sustains a loss in one period and reverses the effect with a profit in the next period.

---

Definitions:

Violent Crime Rate

A statistical measure of the number of violent crimes reported per unit of population or given time period.

Matched Pairs

A study design where subjects are paired based on certain criteria, making them comparable, and then treated differently to examine effects.

Independent Samples

Two or more groups of samples that are collected from independent populations, and where the selection of a sample from one population does not influence the selection from another.

Significance Test

A statistical test used to determine if the observed differences between two or more groups are statistically significant.