Consider the Following String of Numbers: 20,18,14,8,2

question 30

Multiple Choice

Consider the following string of numbers: 20,18,14,8,2.Given the average of these numbers,what happens when the number 6 is included?

• A)The average falls because 6 is less than 20,the first number in the set.
• B)The average does not change because 6 is insignificant.
• C)The average rises because 6 is greater than the last number in the set,2.
• D)The average rises because 6 is greater than the previous average.
• E)The average falls because 6 is less than the previous average.

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Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing the ownership interest of the shareholders.

Accounting Equation

The foundational equation of double-entry bookkeeping, stating that Assets equal Liabilities plus Equity, underpinning the structure of the balance sheet.

Asset

Resources owned or controlled by a business that are expected to produce economic benefits in the future.

Liability Accounts

Accounts on a company's balance sheet that represent the debts or obligations that it owes to others.