Under GAAP Income Statement Items Are Generally Described as

question 188

Multiple Choice

Under GAAP income statement items are generally described as

• A) administration distribution manufacturing etc.
• B) salaries depreciation utilities etc.
• C) administration depreciation manufacturing etc.
• D) salaries distribution utilities etc.

---

Definitions:

Negative Correlation

A relationship between two variables where one variable increases as the other decreases.

Variable Increases

A situation in which the value of a variable becomes larger.

Relative Frequencies

The ratio of the number of times a particular value occurs to the total number of observations, used in statistical analysis.

Third Quartile

A statistical term describing the value below which 75% of the data in a data set falls.