The Fact That Two Variables Always Move Together Over Time

question 21

Multiple Choice

The fact that two variables always move together over time:

• A)does not prove that one of the variables is dependent on the other.
• B)proves that one of the variables is dependent on the other.
• C)proves that changes in one variable cause changes in the other.
• D)is often illustrated or depicted using either a pie chart or a bar chart.

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Definitions:

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Fees earned but not yet received in cash or recorded by the recipient, representing amounts for services provided.

Reversing Entry

An accounting entry that counteracts an adjusting entry, made at the beginning of the next accounting period.

Accounts Receivable

Funds that customers owe to a company for products or services that have already been provided but not yet compensated for.

Fees Earned

Revenue recognized by a company or individual in exchange for services rendered.