The Graph Below Displays the Number of Applications for a Concealed

question 49

Multiple Choice

The graph below displays the number of applications for a concealed weapons permit in Montcalm County, Michigan, for each of three years. A reported interprets this graph to mean that applications in 2010 are more than twice the level in 2008. Is the reported making a correct interpretation?

• A)Yes. The bar for 2010 is twice the height of the bar for 2008 and the number of applications indicated above the bars shows that applications in 2010 are more than twice the level in 2008.
• B)No. Although the 2010 bar is more than twice the height of the 2008, the bars do not begin at 0 applications, so the graph does not correctly represent the data. Fifty- five is not equal to two times the number of applications made in 2008.
• C)No. The width of the bars is identical, indicating that the number of applications in 2010 is no different from 2008.

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Definitions:

Trial Balance

A report that lists the balances of all ledger accounts at a specific point in time, used to verify the equality of debits and credits.

Debit Column

The left-hand column in an account or financial statement where debits are recorded, typically representing increases in assets or expenses and decreases in liabilities or equity.

Credit Column

Part of an accounting record where increases in liabilities, revenues, and equity accounts are recorded.

Accounting Record

A documented transaction or financial event that is used in the process of accounting.