An Annual Reporting Period Consisting of Any Twelve Consecutive Months

question 168

Multiple Choice

An annual reporting period consisting of any twelve consecutive months is known as:

• A) Calendar year.
• B) Interim financial period.
• C) Seasonal year.
• D) Fiscal year.
• E) Natural business year.

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Definitions:

Expected Frequencies

The counts or proportions one would expect in categories of a contingency table if there were no association between the variables.

Chi-square

A statistical test used to determine if there is a significant difference between observed frequencies and expected frequencies in one or more categories.

Normal Curve

A bell-shaped curve that represents a distribution of values, means, or variables symmetrically clustered around the mean.

Observation

The action or process of closely monitoring or noting phenomena as they occur in a systematic manner for data collection.