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The following class intervals for a frequency distribution were developed to provide information regarding the starting salaries for students graduating from a particular school:
Before data was collected, someone questioned the validity of this arrangement. Which of the following represents a problem with this set of intervals?
General Reserve
Funds set aside out of profits for the future protection of the business and to strengthen its financial position.
Retained Earnings
The portion of a company's profits not distributed to shareholders but instead reinvested in the business or kept as reserve.
Partial Goodwill Method
An accounting approach where goodwill is calculated only for the portion of a subsidiary owned by the parent company.
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