Examlex
In an analysis of hunting by African lions, biologists filmed prey captures from thesafety of their vehicles. The capture of prey was divided into a sequence of events forstudy, one of which is the stalk, defined as the reduction of predator-prey distance forprey that has been specifically located and the prey is unaware of or minimallyalarmed by the predator. The investigators identified two types of stalk: (a)"crouching," -- the lion is concealed and either the lion advances toward the prey orthe prey advances (unaware) toward the lion, and (b)"running," -- the lion is lessconcealed and advances toward the prey in a rapid manner.Data on lions' stalks of Thomson's and Grant's gazelles from a random sample of 151kills is summarized in the table below. Researchers believe that the proportion of stalks that are the crouching type is about 0.87. Do the data above provide evidence that the researchers' belief is incorrect andthat the proportion of crouching stalks of Thomson's and Grant's gazelles is differentfrom 0.87?
Cash Basis
An accounting method where revenue is recorded when cash is received, and expenses are recorded when cash is paid out.
Adjusting Entries
Journal entries made at the end of an accounting period to update account balances for accruals and deferrals that are not recorded through regular transactions.
Accruals
Accruals are accounting adjustments for revenues and expenses that have been earned or incurred but not yet recorded in accounts due to the timing of cash flows.
Prepayments
Payments made in advance for goods or services, recorded as assets on the balance sheet until the actual goods or services are received.
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