Earning Revenue on Account

question 13

Multiple Choice

Earning revenue on account:

• A)decreases assets.
• B)increases liabilities.
• C)decreases owner's equity.
• D)increases owner's equity.

---

Definitions:

5-Number Summary

A statistical summary that provides five key data points: minimum, first quartile, median, third quartile, and maximum.

Smallest Observation

The minimum value recorded in a set of data.

First Quartile

The value below which 25% of the observations fall, marking the lower quarter of the data set.

Median

The middle value in a sorted list of numbers, dividing the dataset into two halves.