At the Date of Purchase of a Service Which Is

question 101

Multiple Choice

At the date of purchase of a service which is not immediately used up, the cost of such unused service is a(n) :

• A) revenue.
• B) liability.
• C) asset.
• D) expense.

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Definitions:

Two-tail

A statistical test in which the regions of rejection are on both sides of the sampling distribution, used to check for any significant difference, regardless of direction.

One-sample T-test

A statistical test used to determine if the mean of a single sample differs significantly from a known or hypothesized population mean.

Parametric Counterpart

Statistical methods or models that assume the data comes from a population that can be characterized by a set of parameters.

Friedman Test

A non-parametric test used to detect differences in treatments across multiple test attempts, especially for matched or paired subjects.