The Trend Component Is Easy to Identify by Using

question 24

Multiple Choice

The trend component is easy to identify by using

• A)moving averages
• B)exponential smoothing
• C)regression analysis
• D)the Delphi approach

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Definitions:

Accrued Revenues

Revenues earned in one accounting period but not received until a later period.

Adjusting Entry

A journal entry made in accounting records to update the balances of accounts at the end of an accounting period.

Interest Accrued

Interest that has been earned but not yet paid or received, typically recorded as an asset or expense depending on context.

Adjusting Entry

a journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period for accurate financial reporting.