An Explanation of a Happening or Circumstance That Is Based

question 30

True/False

An explanation of a happening or circumstance that is based on observation,experimentation,and reasoning is called a hypothesis.

---

Definitions:

Journal Entries

Records of financial transactions in the accounting system, showing the accounts affected and the amounts for each transaction.

Available for Sale

A classification for financial assets indicating they are not primarily held for trading or immediate sale but may be sold in the future.

Largest Stockholder

The individual or entity that owns the largest number of shares in a corporation, giving them significant influence over its management.

Accounting

The systematic process of recording, summarizing, and analyzing financial transactions of a business.