A Credit Is the Normal Balance for Which of the Following

question 63

Multiple Choice

A credit is the normal balance for which of the following accounts?

• A) Equipment
• B) Cash
• C) Accounts Receivable
• D) Accounts Payable

---

Definitions:

Linearly Related

Variables are linearly related if there is a consistent linear relationship between them, indicated by a straight-line graph.

Multicollinearity

A statistical phenomenon in which two or more predictor variables in a multiple regression model are highly correlated, potentially affecting the stability of the model.

Linear Regression

A statistical method to model the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.

Predictor Variables

Variables in statistical models that are used to predict or explain changes in a dependent variable.