In the Analysis of Available Data, a Deductive Approach Is

question 3

Multiple Choice

In the analysis of available data, a deductive approach is often impossible to use because:

• A)there typically are no theories or hypotheses to be tested.
• B)the unit of analysis used is the individual.
• C)the data necessary to measure the variables derived from a theory were not included when the original data were collected.
• D)theory verification is only possible when data are collected explicitly to test that theory.

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Definitions:

Permanent Account

An account that is not closed at the end of the accounting period and carries its ending balance into the next period, typically including assets, liabilities, and equity accounts.

Dividends Account

An account in the general ledger that records the amount of dividends declared by a company to be paid to shareholders.

Common Stock Account

An equity account that represents the amount of shares owned by shareholders in a corporation.

Temporary Accounts

Accounts used to record transactions for only a single accounting period, which are then reset or closed at the period's end, such as revenues, expenses, and dividends.