A Correlation Coefficient of -1.09 Indicates A(n)

question 584

Multiple Choice

A correlation coefficient of -1.09 indicates a(n)

• A)strong positive correlation.
• B)strong negative correlation.
• C)cause\effect relationship.
• D)error in computation.

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Definitions:

Prepaid Rent Expense

An account representing rent payments made in advance for future periods, which is gradually expensed over the benefit period.

Contra-Asset

An asset account where the balance is expected to be a debit balance but is instead a credit balance, such as accumulated depreciation.

Worksheet

A spreadsheet used by accountants to prepare adjusting entries, financial statements, and to ensure the accounts balance before closing.

Accountant

A professional who performs accounting functions such as audits or financial statement analysis and is proficient in financial reporting and regulation.