Which of the Following Would Not Likely Be a Reason

question 36

Multiple Choice

Which of the following would not likely be a reason for preparing personal financial statements?

• A) obtaining personal credit
• B) determining the tax basis of marketable securities
• C) income tax planning
• D) retirement planning
• E) estate planning

---

Definitions:

False News

Information that is deliberately misleading or fabricated and presented as genuine news.

Random Sequences

Sequences of numbers or events where each member has an equal probability of occurring and the occurrence of each member is independent of the others.

Placebo Effect

A beneficial effect, produced by a placebo drug or treatment, that cannot be attributed to the properties of the placebo itself, and must therefore be due to the patient's belief in that treatment.

Double-Blind Procedures

Experimental procedures in which neither the participants nor the experimenters know who is receiving a particular treatment, to prevent bias.