Match the Term to the Appropriate Definition

question 120

Multiple Choice

Match the term to the appropriate definition.(There are more definitions than terms. )
-Operating Activities

• A)A procedure by which independent evaluators assess the accounting procedures and financial reports of a company.
• B)An example of external users of financial statements.
• C)Activities directly related to running the business to earn a profit.
• D)When a company acquires money from investors.
• E)A financial statement that summarizes a company's past and current cash situation.
• F)Transactions with lenders (borrowing and repaying cash)and stockholders (selling company stock and paying dividends).
• G)The total amount of profits that are kept by the company.
• H)The idea that the financial statements of a company include the results of only that company's business activities.
• I)The idea that a company should report its financial data in the relevant currency.
• J)Borrowing money from lenders.
• K)A financial statement showing a company's assets,liabilities and stockholders' equity.
• L)A financial statement that shows a company's revenues and expenses.
• M)An example of an internal user of financial statements.

---

Definitions:

Ordinal Data

A type of categorical data in which the categories have a natural order or ranking, but the intervals between the categories are not necessarily equal.

Wilcoxon Signed Rank

A nonparametric statistical test used to compare two related samples, matched samples, or repeated measurements on a single sample to assess whether their population mean ranks differ.

Normal Approximation

A method used to approximate the distribution of various statistics to a normal distribution under certain conditions, particularly useful for large sample sizes.

Nonparametric Test

Statistical tests that do not assume a specific distribution for the data, often used when data doesn’t fit normal distributions.