The Total Number of Data Items with a Value Less

question 124

Multiple Choice

The total number of data items with a value less than or equal to the upper limit for the class is given by the:

• A)frequency distribution
• B)relative frequency distribution
• C)cumulative frequency distribution
• D)cumulative relative frequency distribution
• E)none of the above

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Definitions:

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.

Goodwill

An asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognised.

NCI Adjustment

Adjustments made to the non-controlling interest in a subsidiary to reflect their proportionate share of the profits or losses.

Consolidation Worksheet

A tool used in preparing consolidated financial statements, recording the assets, liabilities, and operating results of a parent company and its subsidiaries.