Translate the Given Formula to an English Phrase Using the Word

question 2

Multiple Choice

Translate the given formula to an English phrase using the word "varies".
-If y varies directly as x, and x is doubled, how is y changed?

• A) y is unchanged
• B) y is increased by 2
• C) y is doubled
• D) y is halved

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Definitions:

Statement of Owner's Equity

A financial document that reports the changes in the equity of a company over a specific period, including withdrawals, investments, and net income.

Trial Balance

A bookkeeping worksheet wherein the balances of all ledgers are compiled into debit and credit columns to ensure that total debits equal total credits.

Income Statement

A financial report summarizing revenues, expenses, and profits over a specific period, showing a company's financial performance.

Financial Statement

Formal records that outline the financial activities and condition of a business, individual, or entity.