At the End of an Accounting Period, If the Fair

question 49

Short Answer

At the end of an accounting period, if the fair value of the trading debt portfolio is less than its cost, then the company should recognize an ______________ that is reported on the _________________.

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Definitions:

Hypothesis Role

The function or purpose a hypothesis serves in an empirical study, typically as a presumptive statement to be tested.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation.

Good Hypothesis

A proposed explanation for a phenomenon that is specific, testable, and based on existing knowledge.

Null Hypothesis

A rephrased definition: The presumption that no significant relationship exists in the population and that any observed effect is due to sampling variability.