Suppose You Are Testing the Null Hypothesis That a Population $\sigma$

question 101

Multiple Choice

Suppose you are testing the null hypothesis that a population mean is less than or equal to 46, against the alternative hypothesis that the population mean is greater than 46.If the sample size is 25, $\sigma$ is known, and α = .01, the critical value of z is _______.

• A)1.645
• B)-1.645
• C)1.28
• D)-2.33
• E)2.33

Understand the basic concepts of journal entries, including compound entries and the debit and credit system.

Define and differentiate between calendar year, accounting period, and fiscal year.

Recognize the proper use and significance of the posting reference column in the ledger.

Prepare and record transactions in journal entries.

---

Definitions:

Current Tax Expense

The amount of income taxes a company is expected to pay in the current year, reflecting its taxable earnings.

Pre-Tax Book Income

The income of a company before taxes are applied, calculated according to accounting standards.

Tax Depreciation

A tax deduction that allows a company to recover the cost of property or assets it has purchased by reducing taxable income.

Book Depreciation

Book depreciation is the portion of the cost of a fixed asset that is written off annually on the financial statements of a company over the useful life of that asset, according to accounting standards.