Non-Current Liabilities Represent

question 11

Multiple Choice

Non-current liabilities represent:

• A) amounts due to outsiders which are not payable within 12 months.
• B) amounts due to the owner of the business which are not payable within 12 months.
• C) amounts due and payable to outsiders within 12 months.
• D) A and B

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Definitions:

Correlation Coefficient

A value that quantifies both the magnitude and the direction of a straight-line association between a pair of variables.

Box Plot

A graphical representation of the distribution of a data set, showing the median, quartiles, and outliers, used for depicting the spread and skewness of the data.

Outlier

A data point that diverges significantly from the overall pattern of data in a dataset, potentially indicating a measurement error or a new trend.

IQR

The Interquartile Range (IQR) is a measure of statistical dispersion, being equal to the difference between the 75th and 25th percentiles of a data set.