The Balances of Select Accounts of Donovan Company as of December

question 10

Multiple Choice

The balances of select accounts of Donovan Company as of December 31,2018 are given below. What amount of total long-term assets would be shown on the balance sheet at December 31,2018?

• A)$130,000
• B)$158,700
• C)$160,000
• D)$166,000

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Definitions:

P-value

The likelihood of getting test outcomes that are at least as significant as those seen in the test, under the assumption that the null hypothesis holds correct.

Z

In statistics, typically refers to a standard score indicating how many standard deviations an element is from the mean.

Null Hypothesis

A hypothesis in statistical analysis that assumes no significant difference or effect exists between certain characteristics, conditions, or variables.

Significance Level

The significance level, also known as alpha, is a pre-determined threshold for statistical significance, used to decide whether an observed effect is not due to chance.