A Difference Between a Histogram and a Bar Graph Is

question 28

Multiple Choice

A difference between a histogram and a bar graph is that the bar graph

• A)is based on percentages.
• B)has spaces between the bars.
• C)is for numeric values.
• D)begins with a frequency of zero.

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Definitions:

FIFO Earnings

Earnings calculated based on the "First In, First Out" inventory method, where the costs of the oldest inventory items are used first in determining profit.

Inventory Holding Gain

The increase in value of inventory held by a company, often due to price increases in the market rather than sales.

Dollar-Value LIFO

An inventory valuation method that uses the last-in, first-out (LIFO) cost flow assumption but measures those costs in dollar values, rather than in physical units, to account for inflation or deflation.

Initial Adoption

The first-time application of a new accounting principle, standard, or policy by a company in its financial reporting.