Condensed data taken from the ledger of Joplin Company at December 31, 2012 and 2011, are as follows:
Prepare a comparative balance sheet, with horizontal analysis, for December 31, 2012 and 2011. (Round percents to one decimal point.)
Definitions:
Qualitative Variables
Variables that express qualitative attributes and differentiate by category, not in numerical terms.
Chi-Square Test
A nonparametric test used to determine if there is a significant association between two categorical variables.
Sampling Distribution
The probability distribution of a given random-sample-based statistic if you repeatedly sample from the same population.
Degrees of Freedom
The number of independent values or quantities which can be assigned to a statistical distribution, influencing the shape and range of possible outcomes.
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