Conducting an Experiment Involves Four Stages

question 5

Multiple Choice

conducting an experiment involves four stages. One is reporting the data. What are the other three?

• A) duplicating the experiment
• B) testing the hypothesis
• C) establishing a hypothesis
• D) selecting suitable test subjects
• E) analyzing the data

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Definitions:

Income Statement

A financial report that shows a company's revenues, expenses, and profits over a specific period.

Debits and Credits

Accounting terms used to record changes in accounts, where debits are entries on the left side of an account and credits are entries on the right.

Adjusting Entries

Journal entries made at the end of an accounting period to update accounts for accuracies in preparation for financial reporting.

Closing Entries

Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent ones.