The Variable That We Believe Will Affect the Dependent Variable

question 85

Multiple Choice

The variable that we believe will affect the dependent variable is known as the ________ variable.

• A)confounding
• B)discrete
• C)independent
• D)extraneous

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Definitions:

Expense Recognition Principle

An accounting principle that expenses should be recognized and recorded at the time they are incurred, not necessarily when cash is paid.

Recognition Principle

An accounting concept dictating that revenue should be recognized in the income statement when it is realized or realizable and earned, not necessarily when cash is received.

Time Period Principle

An accounting principle stating that financial reporting should be done in regular intervals to ensure relevance and reliability.

Contra Account

An account used in an accounting system to offset a related account, commonly used to record depreciation, allowances, and discounts.