An Example of an Adjusting Entry Is

question 94

Multiple Choice

An example of an adjusting entry is

• A)cash collections from credit customers.
• B)payment of the principal and interest on a note.
• C)recognizing rent expense by reducing Prepaid Rent.
• D)declaring a cash dividend.
• E)buying inventory on open account.

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Definitions:

Nonparametric

Nonparametric refers to statistical methods that do not assume a specific distribution pattern for the data, making them suitable for data that does not fit normal distribution assumptions.

Distributions

Refers to the way values are spread over a range for a dataset or variable in statistics.

Magnitude and Direction

Magnitude and direction describe the strength and the pathway (positive or negative) of a relationship or effect observed within a dataset.

Mann-Whitney U

A nonparametric test that compares differences between two independent groups on a single, continuous variable.