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Briefly Explain the Independent Variable and the Dependent Variable in an Experiment.Describe

question 140

Essay

Briefly explain the independent variable and the dependent variable in an experiment.Describe the relationship between them.


Definitions:

Revenues

The income generated from normal business operations, often from the sale of goods and services to customers.

Expenses

Costs incurred by a business in the process of earning revenues.

Revenue Recognition Principle

The concept that supports recording revenues when services have been performed or products delivered to customers.

Cash

Money in the form of coins or banknotes held by an individual or organization, readily available for transactions.

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