When a Business Records an Accrued Utility Liability,the Utilities Expense

question 8

True/False

When a business records an accrued utility liability,the Utilities Expense account is credited.

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Definitions:

Distribution

In business, refers to the process of making a product or service available to the consumer or business user who needs it. In statistics, it describes the way in which values in a dataset are spread out.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean.

Squared Deviation

A statistical measure showing the dispersion of data points. It represents the square of the difference between an observed value and the mean of the dataset.

Mean

The mathematical average of a set of numbers, calculated by adding them together and dividing by the number of terms.