What Is the Median of 26,30,24,32,32,31,27,and 29

question 5

Multiple Choice

What is the median of 26,30,24,32,32,31,27,and 29?

• A)32
• B)29
• C)30
• D)29.5

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Definitions:

GAAP

Generally Accepted Accounting Principles; a framework of accounting standards, rules, and procedures defined by the professional accounting industry in a specific country.

Capitalize

The process of recording an expenditure as an asset, rather than an expense, thereby spreading the cost over its useful life.

Bargain Purchase Option

A clause in a lease agreement that allows the lessee the option to purchase the leased asset at a price below its expected fair market value.

Executory Costs

Executory costs are the ongoing operating expenses in a lease agreement, such as insurance, maintenance, and property taxes, usually borne by the lessee.