Which of the Following Groups of Accounts Contains Only Those

question 147

Multiple Choice

Which of the following groups of accounts contains only those that normally have credit balances?

• A)Accounts Payable,Service Revenue,and Retained Earnings
• B)Cash,Equipment,and Common Stock
• C)Notes Payable,Salaries and Wages Payable,and Rent Expense
• D)Cash,Accounts Receivable,and Retained Earnings

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Definitions:

Factor Analysis

A statistical method used to describe variability among observed, correlated variables in terms of a potentially lower number of unobserved variables called factors.

Statistical Procedure

A method of collecting, analyzing, interpreting, and presenting data in a meaningful way, using mathematical theories and formulas.

Independent Variable

In a scientific experiment, the variable that the researcher modifies or controls to investigate its influence on the dependent variable.

Correlations

A measure indicating the level at which multiple variables exhibit joint variability.