A Random Process

question 37

Multiple Choice

A random process

• A)produces one outcome from a set of possible outcomes.
• B)produces an unpredictable outcome.
• C)guarantees that each of the possible outcomes is equally likely.
• D)the other three choices are all characteristics of a random process.

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Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.