Which of the Following Is Not a Short-Cut in Finding

question 154

Multiple Choice

Which of the following is not a short-cut in finding errors on the trial balance?

• A) Determine the difference between debits and credits and look for the amount.
• B) Determine the amount and change any account to make the trial balance correct.
• C) Determine the difference between debits and credits, divide the amount by 2, look for the amount.
• D) Determine the difference between debits and credits, divide the amount by 9, if it divides evenly, look for a transposition or slide error.

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Definitions:

Large-company Stocks

Shares that represent ownership in large, well-established companies typically having a high market capitalization.

Normal Distribution

A distribution of probability centered around its mean, highlighting that occurrences close to the mean happen more often than those far from it.

Semi-strong Form Efficiency

A form of market efficiency that posits all publicly available information is fully reflected in stock prices, including historical financial data and current news.

Stock Price

Stock Price is the current price at which a share of stock is trading on the market, influenced by various factors including company performance, investor sentiment, and market conditions.