The Branch of Statistics Which Does Not Involve Generalizations Is

question 20

Multiple Choice

The branch of statistics which does not involve generalizations is called ________________.

• A) discrete statistics
• B) sample statistics
• C) descriptive statistics
• D) inferential statistics

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Definitions:

Deferred Income Taxes

Taxes applicable to income that is recognized in the financial statements in one period but is taxable in another.

Income Taxes Payable

The amount of income taxes a company owes to the government that has not yet been paid.

Income Tax Expense

The total amount of income tax a company is obligated to pay to tax authorities, reported in its financial statements.

Retained Earnings Account

A component of shareholders' equity that represents the accumulated portion of net income that a company has not distributed to shareholders as dividends.