After the Closing Entries Are Posted to the Ledger,each Revenue

question 72

Multiple Choice

After the closing entries are posted to the ledger,each revenue account will have

• A) a zero balance.
• B) a debit balance.
• C) a credit balance.
• D) either a debit or a credit balance.

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Definitions:

Chi-squared Distribution

A statistical distribution that describes the distribution of the sum of the squares of a set of variables that follow a normal distribution, commonly used in hypothesis testing.

Positively Skewed

A distribution shape where the tail is longer on the right side, indicating that the mean and median are greater than the mode.

Chi-squared Distribution

A probability distribution that describes the distribution of the sum of the squares of variables that are independently distributed according to a standard normal distribution.

Degrees of Freedom

The number of independent values or quantities that can vary in an analysis without violating any constraints.