Exhibit 10-12 the Results of a Recent Poll on the Preference of Preference

question 23

Multiple Choice

Exhibit 10-12
The results of a recent poll on the preference of teenagers regarding the types of music they listen to are shown below.
-Refer to Exhibit 10-12. The 95% confidence interval for the difference between the two proportions is

• A)384 to 450
• B)0.48 to 0.5
• C)0.028 to 0.068
• D)-0.068 to 0.028

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Definitions:

Prepaid Expense

An expense paid in advance of its due period, recorded as an asset on the balance sheet until it is actually incurred and then shifted to an expense account.

Adjusting Entries

Journal entries made in accounting to adjust income and expense accounts so that they comply with the accrual concept.

Journal Entries

Records of financial transactions in the order they occur, which are then posted to the appropriate accounts.

Debits

Entries in accounting that increase an asset or expense account, or decrease equity, liability, or revenue accounts.