A Contingency Table Is Used to Display

question 27

Multiple Choice

A contingency table is used to display

• A) the count for each possible joint occurrence of two variables
• B) the cumulative frequency of two variables
• C) the cumulative distribution of a variable with two possible outcomes
• D) the relative frequency of one variable
• E) none of the above

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Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjustments, used to prepare financial statements.

End-of-period Spreadsheet

A tool used for adjusting and closing entries and for preparing financial statements at the end of an accounting period.

Adjusting Entries

Entries made in accounting to update the records for any incomes and expenses that have been incurred but not yet recorded.

Financial Statements

Structured reports detailing the financial performance, position, and cash flows of an organization, typically including the balance sheet, income statement, and statement of cash flows.