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The P Value for a Test Statistic Is Based on the Expected

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The p value for a test statistic is based on the expected sampling distribution and can be found on a probability distribution table.


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CPA

Certified Public Accountant, a professional designation given to accountants who pass a licensing examination and meet other state requirements.

IRS

The Internal Revenue Service, the U.S. federal agency responsible for tax collection and enforcement of tax laws.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities; essentially the net worth belonging to the owners.

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Financial obligations or debts owed by a business to others, which must be paid back in the future.

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