The Finite Population Correction Factor Is Applied When the Population

question 38

True/False

The finite population correction factor is applied when the population size is known.

---

Definitions:

Par Value

The face value of a bond or stock, representing the amount to be returned to the bondholder at maturity or the value assigned to a share of stock for accounting purposes.

Stock Split

A corporate action to increase the number of shares, reducing the price per share correspondingly without changing the market capitalization.

Par Value

A nominal value given to a security or stock specified by the issuing company, which may not necessarily reflect its actual market value.

Dividends Payable

A liability account that records the amount of dividends that a company has declared but not yet paid to its shareholders.