A Hypothesis Is Tested by

question 39

Multiple Choice

A hypothesis is tested by

• A) a prediction.
• B) experimentation.
• C) analysis of results.
• D) formulation of a theory.

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Definitions:

Balance Sheet

A financial statement that presents the financial position of a company at a specific point in time, showing assets, liabilities, and shareholders' equity.

Accounts Payable

Liabilities representing the amount a company owes to suppliers for goods and services purchased on credit.

Controlling Account

The account in the general ledger that summarizes or controls a subsidiary ledger. Example: The Accounts Payable account in the general ledger is the controlling account for the accounts payable subsidiary ledger. After postings are complete, it shows the total amount owed from purchases made on account.

General Ledger

A comprehensive record of all financial transactions made over the life of a company.