In the Worksheet Exercise, as a Percentage, How Much Variance

question 2

Multiple Choice

In the worksheet exercise, as a percentage, how much variance is explained by the control variables?

• A) 21.3%
• B) 9.7%
• C) .97%
• D) .213%

---

Definitions:

Stock Investments

Purchases of shares in other companies, held as assets, which represent partial ownership and may yield dividends and capital gains.

Subsidiary Ledger

A detailed ledger that contains all the transaction details of a specific account, which then summarizes into the general ledger.

Long-term Liability

Financial obligations that are due after a period of more than one year, such as bonds payable or long-term loans.

Cost Method

An accounting method used to value inventory or investments, where the cost of the goods or the investment purchase price is the basis for the value on the balance sheet.