Which of the Following Is Not a Component of Time

question 6

Multiple Choice

Which of the following is not a component of time series data?

• A)Trend
• B)Seasonal fluctuations
• C)Cyclical fluctuations
• D)Normal fluctuations
• E)Irregular fluctuations

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Definitions:

Realisation of Profit

The process by which a profit is recognized on the books once a transaction is completed and the revenue can be reliably measured.

External Party

An individual, group, or organization outside of a company that can affect or be affected by the business's activities.

Group

A parent and its subsidiaries.

Deferred Tax Asset

An accounting term referring to a situation where a business has paid more taxes or has higher tax payments upcoming than what is currently due on the financial statements.