Social Scientists Use Inferential Statistics to Generalize to Populations After

question 28

Multiple Choice

Social scientists use inferential statistics to generalize to populations after they have

• A)collected a representative sample.
• B)collected all the information possible from the entire population.
• C)collected an EPSEM sample from the population of interest.
• D)collected at least 100 cases from all possible populations.

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Definitions:

Post-Closing Trial Balance

A list of all account balances after closing entries are made, used to check the equality of debits and credits and prepare for the next accounting period.

Correcting Entries

Journal entries made to amend previously recorded transactions that were entered incorrectly.

Adjusting Entries

Journal entries made in preparation for financial statements to allocate income and expenses to the period in which they actually occurred.

Balance Sheet Account

An account found on the balance sheet which can include assets, liabilities, and equity accounts.