Which of the Following Accounts Are Debited to Record Increase

question 157

Multiple Choice

Which of the following accounts are debited to record increase in balances?

• A) assets and liabilities
• B) dividends and liabilities
• C) expenses and liabilities
• D) assets and expenses

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Definitions:

Grade Point Average

An average score representing the academic performance of a student, calculated from the grades obtained in their courses.

Indicator Variables

Dummy variables used in regression models to encode categorical data into numbers, typically 0 or 1, to include them in statistical analysis.

Number of Hours

The total count of hours measured in a given context, often referring to the duration of events or the amount of time spent on activities.

Nominal Variable

A type of variable that represents categories with no intrinsic ordering or rank among them.