An Organized and Elaborate Conceptual Scheme That Serves to Explain

question 5

Multiple Choice

An organized and elaborate conceptual scheme that serves to explain how social attributes and events are patterned or related is called a

• A)law.
• B)theory.
• C)hypothesis.
• D)variable.

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Definitions:

Equity Accounted Balance

A method of accounting whereby an investor recognizes its share of the profits and losses of its investee within its own financial statements.

Profit/(Loss)

The financial result of an entity's operations and activities, indicating income or deficit over a specific period.

Equity Method

An accounting technique used to record investments in other companies by recognizing the investor's share of the earnings of the investee.