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The following transactions took place for the XYZ Corporation:
November 12 - Declared a total cash dividend of $45,000 for stockholders of record November 20 payable on December 1. Record the journal entries required by these events.
Briefly describe the significance of November 20.
Standard Deviation
A statistic that measures the dispersion or spread of a set of data points relative to its mean.
Point Estimate
A single value (or point) estimate derived from sample data to approximate a population parameter.
Confidence Interval
A range of number sets, derived from statistical analyses of samples, assumed to hold the invisible value of a population characteristic.
Margin of Error
An expression of the range within which the true value of a statistic is expected to fall, based on sample observations.
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