The Sale of Common Shares Should Be Recorded as a

question 77

Multiple Choice

The sale of common shares should be recorded as a

• A)debit to Retained Earnings and a credit to Cash.
• B)debit to Cash and a credit to Retained Earnings.
• C)debit to Cash and a credit to Common Shares.
• D)debit to Common Shares and a credit to Cash.

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Definitions:

Sum

The total obtained by adding together a set of numbers or quantities.

ANOVA

Refers to Analysis of Variance, a statistical technique used to compare the means of three or more samples to find if at least one of them differs significantly.

T Test

A statistical test used to compare the means of two groups to determine if there is a significant difference between them.

F Ratio

The ratio of variance between groups to variance within groups in an ANOVA test, used to determine if there are significant differences between groups.