Which of the Rules for Coding Has Been Violated by the Following

question 65

Multiple Choice

Which of the rules for coding has been violated by the following responses to a question about annual salary? ? $\text {under 120000}$
? $\text {\$20 000-40 000}$
? $\text {\$40 000-\$60 000}$
? $\text {above \$60 000}$

• A) Coding categories should be exhaustive.
• B) Coding categories should be mutually exclusive.
• C) Coding categories should be test tabulated.
• D) Coding categories should be all-inclusive.

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Definitions:

Stated Value

A value assigned to a corporation's stock for accounting purposes, which may bear no relation to the market value.

Shares

Units of ownership interest in a corporation or financial asset that provide a share in the corporation's profits and a claim on its assets.

Paid-In Capital

The total amount of money raised by a company through the sale of shares to the shareholders, including additional amounts over the nominal value.

Issue Price

The price at which new securities are sold to the public or investors by the issuer when they are first offered.