When the Current Year's Unaudited Trial Balance Is Compared to the Prior

question 45

Multiple Choice

When the current year's unaudited trial balance is compared to the prior year's audited trial balance:

• A) discrepancies become apparent.
• B) irregularities become apparent.
• C) changes become apparent.
• D) errors become apparent.

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Definitions:

Bell-Shaped

Describes the symmetric shape of a distribution that is highest in the middle and tapers off towards both ends, characteristic of a normal distribution.

Tchebysheff's Theorem

A statistical rule stating that for any set of data, regardless of distribution, a certain percentage of values will fall within a specific number of standard deviations from the mean.

Tchebysheff's Theorem

A statistical theorem stating that for any set of data, the proportion of results that lie within a certain number of standard deviations from the mean is at least 1-1/k^2, for k>1.

Z Score

A Z score, or standard score, is the number of standard deviations an observation is from the mean, used in statistics to compare observations from different datasets.