Which of the Following Accounts Is Not Considered a "Permanent

question 98

Multiple Choice

Which of the following accounts is not considered a "permanent" account?

• A) Inventory
• B) Rent Expense
• C) Accounts Payable
• D) Common Shares

---

Definitions:

Confidence Level

The degree of confidence or certainty in a statistical conclusion, typically expressed as a percentage indicating how frequently the true parameter is expected to lie within the confidence interval.

Type I Error

The false rejection of an accurate null hypothesis, also known as a "false positive."

Sample Size

The number of observations or data points collected in a statistical study, which is crucial for determining the study's accuracy and reliability.

Null Hypothesis

A hypothesis that assumes no statistical significance exists in a set of observations and that any observed difference is due to sampling or experimental error.