Which of the Following Accounts Is an Example of an Owner's

question 44

Multiple Choice

Which of the following accounts is an example of an owner's equity account?

• A) Accounts payable
• B) Equipment
• C) Cash
• D) Drawing

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Definitions:

Stem-And-Leaf Plot

A graphical representation of quantitative data that organizes numbers by place value and shows the distribution of data.

Median Score

The value separating the higher half from the lower half of a data sample, or the middle score of a distribution when the values are arranged in ascending order.

Mean Income

The average income calculated by dividing the total income of a group by the number of individuals or households in that group.

Statistic

A numerical measure that describes some characteristic of a sample, such as its mean or variance, used for making inferences about a population.