What Is the Term for the Proposed Explanation for a Phenomenon

question 21

Multiple Choice

What is the term for the proposed explanation for a phenomenon that can be tested by research?

• A) theory
• B) hypothesis
• C) cohorts
• D) finding

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Definitions:

Amortization

The gradual repayment or write-off of an asset over a specified period, typically used for loans, mortgages, or intangible assets.

Depreciation Adjustment

An accounting method used to allocate the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.

Consolidation Purposes

Consolidation purposes involve reasons or objectives behind combining financial statements of multiple entities within a single corporate group, mainly for accurate financial reporting, analysis, and decision-making.

Consolidation Entry

An entry made in the financial records to combine the assets, liabilities, and other financial items of parent and subsidiary companies into one set of financial statements.