Exhibit 20

question 10

Multiple Choice

Exhibit 20.5.An accountant wants to know if the property taxes paid by clients that live in the city are different from those that live in the county.The property taxes paid by five clients from the city (1) and five clients from the county (2) are shown below (in dollars) . Refer to Exhibit 20.5.Using the critical value approach,the appropriate conclusion is:

• A)Reject the null hypothesis,cannot conclude the median taxes paid in the city differs from the median taxes paid in the county
• B)Do not reject the null hypothesis,conclude the median taxes paid in the city differs from the median taxes paid in the county
• C)Reject the null hypothesis,conclude the median taxes paid in the city differs from the median taxes paid in the county
• D)Do not reject the null hypothesis,cannot conclude the median taxes paid in the city differs from the median taxes paid in the county

---

Definitions:

Earnings Targets

Financial goals or benchmarks that a company aims to achieve within a specific period, often used as performance indicators.

SAB 104

An SEC Staff Accounting Bulletin that provides guidance on revenue recognition to ensure accuracy in financial reporting.

Revenue Recognition

The accounting principle that dictates the process and timing of recognizing revenue in the financial statements, typically when it is earned and realizable.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting in a particular jurisdiction, notably the United States.