Which of the Following Is TRUE

question 64

Multiple Choice

Which of the following is TRUE?

• A)Because the research report is all that most executives will see of a project,it is the basis for their evaluation of the research project.
• B)If the research team has worked exceptionally hard on the project at hand,a sloppy report will still show the amount of effort explained.
• C)Executives are easily convinced of the usefulness of the report's findings with a lot of statistics in the body of the report.
• D)The research report does not need to describe the research method because it is over the heads of the audience.
• E)All of the above are false.

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Definitions:

Correcting Entries

Adjustments made in accounting records to amend errors or omissions in the previously recorded transactions.

Accumulated Depreciation

The aggregate cost of a tangible asset that has been amortized as a depreciation expense from the time the asset started being used.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Correcting Entries

Journal entries made to correct errors found in the accounting records after the posting process.