Practice the following: Assume the entity is using U.S. GAAP, accrual-basis accounting. For each of the following independent situations, determine the effect of that transaction on: net income; cash; total assets; total liabilities. Complete the primer exercise by filling in the chart, showing in each area either I (increase), D (decrease), or NE (no effect). Do not leave any area blank!
surrogate variable. surrogate variable. A variable in a clinical trial that provides an indirect measure of efficacy in situations where direct measure of a clinical effect is not possible or practical.
Residual. In regression analysis, the difference between the observed value of the dependent variable (y) and the predicted value (Å·) is called the residual (e). Each data point has one residual.Residual = Observed value-Predicted value. e = y - Å·. Both the sum and the mean of the residuals are equal to zero.esidual. In regression analysis, the difference between the observed value of the dependent variable (y) and the predicted value (Å·) is called the residual (e). Each data point has one residual. Residual = Observed value-Predicted value.