In the Hypothesis Testing Procedure $\alpha$ Is
A)the Level of Significance
B)the Critical Value
C)the Confidence

question 59

Multiple Choice

In the hypothesis testing procedure, $\alpha$ is

• A)the level of significance
• B)the critical value
• C)the confidence level
• D)1 - level of significance

---

Definitions:

Supplies Expense

The cost associated with consumable items or supplies used during a company's operations within an accounting period.

Adjusting Entry

A journal entry made at the end of an accounting period to record any unrecognized income or expenses for that period.

Debit

An entry on the left side of an account, indicating an increase in assets or expenses or a decrease in liabilities, equity, or revenue.

Credit

The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.