The Only Time the Population Size Is Important in the Calculation

question 54

Multiple Choice

The only time the population size is important in the calculation of sample size is:

• A)always;all formulas include N,a count of the total population.
• B)when the population is very,very large.
• C)when the population is not normal.
• D)when the level of accuracy needs to be less than ±5 percent.
• E)when the population is small,relative to the sample size.

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Definitions:

Straight-Line Depreciation

An accounting method that allocates the cost of an asset evenly over its useful life.

Voting Stock

Shares in a company that give the shareholder the right to vote on company matters, such as electing the board of directors.

Fair Value Option

An election that allows companies to report specific financial assets and liabilities at their fair values, with changes in fair value recognized in the income statement.

Acquisition Method

A set of procedures used in accounting to consolidate the financial statements of two companies in the event of a merger or acquisition.