QuickBooks Online Automatically Transfers Net Income into Retained Earnings at the End

question 15

True/False

QuickBooks Online automatically transfers Net Income into Retained Earnings at the end of the year.

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Definitions:

Independent Variable

The variable that is manipulated by the researcher to examine its effect on the dependent variable in an experiment.

External Validity

The extent to which the results of a study can be generalized to other situations and to other people.

Confounding Variable

A variable that influences both the dependent and independent variables in a study, potentially misleading the results if not controlled.

Independent Variable

The variable in an experiment that is manipulated to observe its effect on a dependent variable.