If a Bar Graph Is to Be Accurate, It Is

question 26

Multiple Choice

If a bar graph is to be accurate, it is essential that

• A) the bars touch each other.
• B) the bars be drawn vertically.
• C) both horizontal and vertical scales be clearly marked in equal units.
• D) the bars all have the same width.
• E) the explanatory variable be plotted on the horizontal axis.

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Definitions:

Cash Payments

Outflows of cash to settle obligations or purchase goods and services.

Equipment

Tangible property used in operations, such as machinery, computers, and furniture, which has a useful life longer than one fiscal period.

Accounts Payable

Liabilities or debts owed by a company to suppliers or creditors for goods or services purchased on credit.

Purchases Journal

A specific type of accounting record where a business records all transactions related to the acquisition of goods intended for resale or for use in production.