Which of the Following Sampling Methods Would Be Used to Estimate

question 40

Multiple Choice

Which of the following sampling methods would be used to estimate a numerical measurement of a population, such as a dollar value?

• A) Stop-or-go sampling.
• B) Attribute sampling.
• C) Random-number sampling.
• D) Variables sampling.

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Definitions:

Adjusting Entries

These are journal entries made in accounting at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, preparing the books for the next period.

End-Of-Period Spreadsheet

A financial report used to compile and summarize the accounting information at the end of an accounting period, including balances for assets, liabilities, and equity.

Income Statement Columns

Divisions in the income statement document that categorize and display revenues, expenses, and profit or loss data.