Correlation analysis is used to determine the:
A) strength of the relationship between x and y.
B) least squares estimates of the regression parameters.
C) predicted value of y for a given value of x.
D) forecast value of a particular dependent variable.
A
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On September 15, 2003, Donny Corporation purchased investments classified as Available-for-sale at a cost of $100,000. The proper adjusting entry on December 31, 2003, included a debit to Market Adjustment - Available for Sale Securities (A.F.S.) for $2,600. On December 31, 2004, the market value of the investments is $101,400. The December 31, 2004, adjusting entry will nclude a:
A) credit to Market Adjustment - A.F.S. of $1,400 B) credit to M arket Adjustment - A.F.S. of $1,200 C) debit to Market Adjustment - A.F.S. of $1,200 D) debit to Market Adjustment - A.F.S. of $1,400 E) credit to Market Adjustment - A.F.S. of $1,600
Corporate assets belong to the stockholders and not to the corporation
Indicate whether the statement is true or false.