U.S.GAAP

question 128

Multiple Choice

U.S.GAAP:

• A)is another term for IFRS.
• B)are the accounting rules developed by the IASB for use in the United States.
• C)is the oversight board that supervises auditors.
• D)are the accounting rules developed by the FASB for use in the United States.

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Definitions:

Sample Mean

The average of all values in a subset of a population, used as an estimate of the population mean.

Population Standard Deviation

The square root of the variance of a group, measuring how far individual measurements in the population deviate from the population mean.

Confidence Intervals

A range of values, derived from sample statistics, that is believed to contain the value of an unknown population parameter with a certain level of confidence.

Prediction Intervals

A prediction of the range within which future results are expected to occur, with a specified level of confidence, based on existing observations.