The Adjustments Entered in the Adjustments Columns of a Worksheet

question 228

Multiple Choice

The adjustments entered in the adjustments columns of a worksheet are

• A) not journalized.
• B) posted to the ledger but not journalized.
• C) not journalized until after the financial statements are prepared.
• D) journalized before the worksheet is completed.

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Definitions:

Median

The middle value in a data set when the values are arranged in ascending or descending order.

Skewed

A description of data that are not symmetrically distributed around the mean, often indicating a longer tail on one side of the distribution.

Parameter

In statistical analysis, a parameter is a quantity that characterizes a certain aspect of a population or a model.

Statistic

A number that describes a characteristic of a sample, derived from the data that the sample contains.