Which Statement Is INCORRECT

question 38

Multiple Choice

Which statement is INCORRECT?

• A)Natural laws are concise statements about natural phenomena.
• B)Induction is to infer a set of naturals laws from a set of observations.
• C)The key to the scientific method is valid assumptions.
• D)A hypothesis is a tentative explanation of a natural law.
• E)A pattern of thinking is known as a paradigm.

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Definitions:

Accrued Revenues

Revenues earned in one accounting period but not received until a later period.

Adjusting Entry

A journal entry made in accounting records to update the balances of accounts at the end of an accounting period.

Interest Accrued

Interest that has been earned but not yet paid or received, typically recorded as an asset or expense depending on context.

Adjusting Entry

a journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period for accurate financial reporting.