Which of the Following Statements Relating to Reversing Entries Is

question 58

Multiple Choice

Which of the following statements relating to reversing entries is correct?

• A) They reverse the effect of credit transactions.
• B) They reverse the effects of closing entries.
• C) They reverse the effect of errors.
• D) They reverse the effect of certain adjusting entries.

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Definitions:

Howard Gardner

An American developmental psychologist best known for his theory of multiple intelligences, which suggests people have different kinds of intelligences.

Factor Analysis

Factor Analysis is a statistical method used to describe variability among observed, correlated variables in terms of a potentially lower number of unobserved variables called factors.

Single Trait

Refers to focusing on one characteristic feature of an individual or system for study or analysis.

Normal Curve

A symmetrical, bell-shaped curve that describes the distribution of many types of data; most scores fall near the mean (about 68 percent fall within one standard deviation of it) and fewer and fewer near the extremes. Also called a normal distribution.