Which of the Following Statements Is/are True

question 58

Multiple Choice

Which of the following statements is/are true?
I. Cross tabulation is a two-dimensional table that displays the frequency for two categorical variables.
II. Cross tabulation can be referred to as a contingency table.
III. Excel calls contingency table as pivot table.

• A) I only
• B) II only
• C) III only
• D) I and III only
• E) all of the above

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Definitions:

Plant Assets

Long-term tangible assets that are used in the production of goods or services and are not intended for sale.

Depreciated

A measure of the reduction in the value of an asset over time, often used for accounting and tax purposes.

Unearned Revenue

Money received by a company for a service or product that has yet to be provided or delivered.

Adjusting Entry

An accounting entry made at the end of an accounting period to allocate income and expenditure to the correct period.