Which of the Following Is Not a Generally Practiced Method

question 73

Multiple Choice

Which of the following is not a generally practiced method of presenting the income statement?

• A) Including prior period adjustments in determining net income
• B) The single-step income statement
• C) The consolidated statement of income
• D) Including gains and losses from discontinued operations of a component of a business in determining net income

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Definitions:

Mann-Whitney U

A nonparametric test used to compare differences between two independent samples.

Wilcoxon Rank Test

A non-parametric statistical test used to compare two related samples to determine if their population means ranks differ.

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution without violating any constraints.

Obtained Value

The actual measured or computed value from a statistical analysis or experiment.