What Conclusion(s) Can You Make from the Following Cross Tabulation

question 13

Multiple Choice

What conclusion(s) can you make from the following cross tabulation?

• A) Having more children increases the divorce rate.
• B) Getting divorced makes a couple have more children.
• C) The more children a person has the more likely s/he is to be divorced.
• D) All of the above can be correctly concluded from the cross-tabulation.
• E) None of the above can be concluded from the cross-tabulation.

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Definitions:

Post-Closing Trial Balance

A listing of all accounts and their balances after the closing entries are made, ensuring debits equal credits.

Expense Account(s)

Accounts used to record expenses in the general ledger, which represent the costs of operating a business that are not directly tied to the production of goods or services.

Income Summary

An account used in the closing process, summarizing all revenues and expenses for a period, to transfer the net result to capital accounts.

Capital Account

A capital account is an account on a company's balance sheet that represents the equity investment of owners and shareholders.