Empirical Distributions Taken from a Sample of the Population May

question 6

Multiple Choice

Empirical distributions taken from a sample of the population may have______ .

• A)too many subjects
• B)outliers
• C)quantitative data only
• D)None of the above

---

Definitions:

Allowance for Doubtful Accounts

A contra-asset account that reduces the total amount of accounts receivable to reflect those that are expected to go uncollected.

Uncollectible

Accounts receivable that cannot be recovered or are very unlikely to be paid by debtors.

Income Statement Approach

An analytic method focusing on revenues and expenses to determine the net income of a business within a specific period.