When Do You Say the Difference Between Two Numbers Is

question 59

Multiple Choice

When do you say the difference between two numbers is statistically significant?

• A)as long as the two numbers are not exactly the same
• B)if the difference is large enough so that it is managerially important
• C)if the difference is mathematically different
• D)if the difference is observed over an extended period of time
• E)if the difference is large enough to be unlikely to have occurred because of chance or sampling error

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Definitions:

Indirect Method

A method used in cash flow statements where net income is adjusted for items that affected reported net income but did not result in an actual cash flow.

Direct Method

A cash flow statement presentation that lists actual cash inflows and outflows from operating activities.

FASB

The Financial Accounting Standards Board (FASB) is an organization responsible for establishing and improving financial accounting standards in the United States.

Net Cash Flow

The total amount of money being transferred into and out of a business, especially as affecting liquidity.