Whenever the Value of the Z Score Is Positive, Then

question 7

Multiple Choice

Whenever the value of the z score is positive, then

• A) the percentile must be greater than 50
• B) the raw score must be greater than the mean
• C) neither of these, since the z score is always positive
• D) both a and b, but not c

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Definitions:

Non-Adjusting Events

Events after the reporting period that do not provide new information about conditions existing at the end of the reporting period.

AASB 108

The Australian Accounting Standards Board standard outlining the procedures for making accounting policy changes, correcting errors, and making estimates.

Misstatements

A misstatement in financial information is an error, intentional or not, that causes financial statements to deviate from the true financial position, performance, or cash flows of an entity.