All of the Following Can Be Used to Understate Accounts

question 59

Multiple Choice

All of the following can be used to understate accounts payable except:

• A) Recording purchases after year end
• B) Overstating purchase discounts
• C) Understating purchase returns
• D) All of the above can be used to understate accounts payable

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Definitions:

Variability

The extent to which data points in a statistical distribution or dataset differ from each other.

Mode

The value that occurs most frequently in a data set.

Range

A measure of variability. The difference between the highest score and the lowest score.

Nominal Scale

A classification system that categorizes data into discrete categories without any numeric or ordered value.