To Demonstrate a Sampling Method,the Instructor in a Class Picked

question 148

Multiple Choice

To demonstrate a sampling method,the instructor in a class picked the first 5 students sitting in the last row of the class.This is an example of a

• A)systematic sample
• B)simple random sample
• C)stratified sample
• D)convenience sample

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Definitions:

Temporal Method

An accounting technique for converting the financial statements of a subsidiary in a foreign currency into the parent company's reporting currency.

Retained Earnings

Profits that a company retains at the end of a fiscal period, which are not distributed to shareholders as dividends but are reinvested in the business.

Remeasured

The process of adjusting the book value of a foreign currency transaction on the financial statements to reflect the current exchange rate.

Depreciation Expense

An accounting method used to allocate the cost of a tangible asset over its useful life, reflecting wear and tear, deterioration, or obsolescence.