If a Kolmogorov-Smirnov Test Is Conducted and the Result Is

question 10

Multiple Choice

If a Kolmogorov-Smirnov test is conducted and the result is significant, what does this mean for the data sample?

• A) The data sample is normally distributed.
• B) The comparison used in the test is not valid.
• C) The data sample is not normally distributed.
• D) The test is wrong.

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Definitions:

Classified Balance Sheet

A financial statement that groups assets, liabilities, and equity into subcategories, providing detail and clarity to financial positions.

Adjusted Trial Balance

A list of all ledger accounts and their final balances after adjustments have been made, used as the basis for preparing financial statements.

End-Of-Period Spreadsheet

A tool used in accounting to compile all account balances at the period's end, aiding in the preparation of financial statements.

Salaries Expense

The total amount paid to employees for services rendered over a specific period, recorded as an expense in financial accounting.