Make a Conclusion and Tell Whether It Illustrates Inductive or Deductive

question 246

Multiple Choice

Make a conclusion and tell whether it illustrates inductive or deductive reasoning. The product of an odd number of negative numbers is negative. Therefore, $- 6 ( - 3 ) ( - 2 )$

• A) is negative, deductive reasoning
• B) \(= 36\) , deductive reasoning
• C) \(= - 36\) , deductive reasoning
• D) \(= - 36\) , inductive reasoning
• E) is negative, inductive reasoning

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Definitions:

Infrequent Occurrence

Events or transactions that are not expected to happen regularly or often within the normal course of business.

Accounting Principle

Fundamental guidelines or rules that govern the accounting process, ensuring that financial statements are accurate, reliable, and consistent.

Accounting Estimate

An approximation of a financial statement element, item, or account in the absence of exact data.

Prospective Approach

A method of accounting that applies new standards or changes in accounting policy to transactions occurring after the date of the change or standard implementation.