Which of the Following Characteristics Does Not Apply to Accounting

question 62

Multiple Choice

Which of the following characteristics does not apply to accounting practices and procedures in the United States prior to 1930?

• A)They were applied uniformly among companies.
• B)They were considered confidential by the companies applying them.
• C)They met the needs of creditors to a greater extent than they met the needs of shareholders.
• D)They emphasized the disclosure of cash and near-cash resources.

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Definitions:

Probability Distribution

A description of how the probabilities are distributed over the values of the random variable.

Sample Mean

The average calculated from a sample of data, representing the central point or typical value of the sample.

Population Mean

The average of all the values in a population, representing the central point of a data set.

Parameters

Quantitative characteristics that define or summarize features of a population in statistical analysis.