An Accounting Time Period That Is One Year in Length

question 205

Multiple Choice

An accounting time period that is one year in length is called:

• A)a fiscal year.
• B)an interim period.
• C)the time period assumption.
• D)a reporting period.

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Definitions:

Logistic Regression

A statistical method for analyzing datasets in which there are one or more independent variables that determine an outcome, which is categorical.

Dependent Variable

A variable in an experiment or study that is expected to change in response to changes in another variable, the independent variable.

Independent Variables

Variables in an experiment or regression which are manipulated or categorized to determine their effect on dependent variables.

Degrees of Freedom

Refers to the number of independent values or quantities which can be assigned to a statistical distribution.